Writ of garnishment explanation
Q: What does 'writ of garnishment' means? I heard that term few times on TV.
A: Basically it is a process which is used to seize the defendant property that is in the possession or control of a third party. A third party, either the person or corporation in possession of the property of the defendant is called a garnishee. A perfect example of a writ of garnishment is a court order which orders your employer (garnishee) to garnish your wages from each paycheck and transfer the amount to your creditor. Writ cannot be granted without a judgment, so your creditor must sue you and obtain such a judgment. And you become a judgment debtor.
Tue Dec 2, 2008 10:12PM by Tony | More in Debt Relief | Comments (0)
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