NY Supreme Court Decision Highlights Creditors’ Ability to Obtain Quick Judgments Against Defaulting Debtors

Posted on September 29, 2011

In Pollack v. Haberman, 2011 NY Slip Op 32508(U), September 22, 2011, the New York County Supreme Court granted summary judgment in favor of plaintiff Pollack following defendant Haberman’s failure to repay the principal amounts due under two promissory notes executed by Haberman in conjunction with $300,000 worth of loans provided to him by Pollack. The case is unremarkable except as a reminder that creditors can often significantly speed up the process of obtaining judgments against defaulting debtors by initiatingRead More