garnishment


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Related to garnishment: garnishment order

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 ?
3, 2017, Raynor sent a writ of garnishment by certified mail to the bank's registered agent in Little Rock.
If you received notice of garnishment or are already in the thick of it, don't panic; you have options that are far less painful than a 15 percent hit to your paycheck.
Kulasegaran pointing out that there was no law to compel firms to facilitate the wage garnishment.
A garnishment has similar effect of a freeze order.
There is little debate that an employee's regular earnings whether paid weekly, biweekly or monthly fall within the CCPA's garnishment limitations.
The court said the warrants of distraint and/or levy and garnishment were also prematurely issued by the BIR even before the Pacquiaos were furnished a copy of the FDDA.
Moreover, the federal government has extraordinary tools such as wage garnishment to collect defaulted loans that can force borrowers of limited means to pay off defaulted loans quickly.
"I often use Chapter 13 to stop garnishment and provide my clients with a payment plan which is affordable for them.
The recent decision in MYD Marine should remind practitioners of alternative ways to collect on a judgment when a simple bank garnishment or a voluntary payment will not suffice.
Its supervisory system also failed, according to FINRA, to ensure that it disclosed reportable unsatisfied liens and judgments of registered representatives on Forms U4, when a garnishment notice was sent to the firm, or to make sure its payroll department notified compliance or supervisory personnel to determine if the garnishment involved a reportable event, or that compliance or supervisory personnel acted appropriately to consider garnishments and disclose reportable events as necessary.
Violations in the student loan market included illegal automatic defaults by student loan servicers and illegal garnishment threats by debt collectors performing services for the Department of Education.
The world's eight-division boxing champion Manny Pacquiao and his wife Jinkee asked the Supreme Court (SC) to stop the Bureau of Internal Revenue (BIR) from implementing the warrant of distraint and levy, and garnishment order against their assets for their alleged P3-billion tax liability.