Legal Opinion

Modern Industrial Bank v. Kennedy

City of New York Municipal Court

Decided November 5, 1942Published

1Opinion of the CourtSchimmel, J.

The fund attached consists of earnings of the judgment debtor, and as such it is absolutely exempt. It seems to me that it does not make the slightest difference that some of the earnings may have been a so-called “ bonus.” By whatever name it is called, the payment to be made to the judgment debtor by the steamship line by which he is employed is compensation for the services he rendered on his voyage to Russia and back. The fact that the compensation which the judgment debtor is receiving is especially high because of the dangerous nature of the voyage does not deprive it of the exemption…

2Cases cited1 opinion

  1. D., L. & W. Coal Co. v. KenlonCity of New York Municipal Court · 1937

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