garnishment

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Related to garnishments: Wage Garnishments

garnishment,

in law, means of requiring a third party who holds a debtdebt,
obligation in services, money, or goods owed by one party, the debtor, to another, the creditor. When contested, debts are collected by a civil suit upon which the judge renders a judgment, and an execution is levied on the debtor's property.
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 (including wages) due a defendant to retain the property temporarily. The garnishment consists of a warning, in the form of a judgmentjudgment,
decision of a court of law respecting the issues before it. The term ordinarily is not applied to the decree (order) of courts of equity. The outstanding characteristic of a legal judgment, in contrast to an equitable decree, is its finality and fixity; thus, except
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, to the third party, called the garnishee, not to deliver the goods or money due to the defendant, but to hold them in trusttrust,
in law, arrangement whereby property legally owned by one person is administered for the benefit of another. Three parties are ordinarily needed for the relation to arise: the settlor, who bequeaths or deeds the property for another's benefit; the trustee, in whose hands
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 pending the outcome of the plaintiff's suit. This provisional remedy guarantees the plaintiff at least some recovery if he wins the case.
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References in periodicals archive ?
05-billion monetary award and the notices of garnishment, the Court agreed its execution would have a huge financial impact on Napocor and PSALM, which both play major parts in the country's electric power industry.
workers, and studied four types of wage garnishments: child support, tax levies, bankruptcy, and "other" general garnishments, such as student debt or consumer loans.
The value that ADP can bring to mutual clients in the areas of health compliance, wage garnishments, and tax credits -- to name a few -- may help them be more efficient and accurate, and may relieve the administrative burden in these areas so that they can focus on driving business success.
According to the agency, the firm received wage garnishment orders from courts and tax authorities, including the Internal Revenue Service, resulting from tax levies, civil judgments and similar actions, for registered representatives.
Taxpayers who qualify for Currently Not Collectible status will not be subject to either an IRS Bank Levy or IRS Wage Garnishment.
1) The article suggested that former spouses of beneficiaries of Florida discretionary trusts may be able to obtain a continuing garnishment over trust assets intended for the beneficiary, despite what appeared to be contrary law enacted as part of the 2006 Florida Trust Code in F.
Rising Threat to Benefits in Bank Accounts: Garnishments
After the Zimmers failed to pay any portion of the judgment, writs of garnishment were issued on Sept.
A Bar Board of Governors committee is concerned that Florida lawyers aren't sufficiently aware of a recent Supreme Court ruling that they must issue stop payment orders on checks issued from their trust accounts if they are served with writs of garnishment seeking that money.
You will find your legal actions and garnishments stayed and possibly find that you will receive a smaller portion of the outstanding debt over a longer period of time.
Federal statutes limit garnishment for consumer loans to 25% of the borrower's disposable income, and many states have much lower limits.