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 ?
10, 2018, a customer service manager for the bank filed an unsworn written statement in Circuit Court responding to the writ of garnishment. The court eventually found that the bank's answer was defective and void because it was not filed by an attorney and was not sworn under oath as required by the Arkansas statutes on garnishments.
'The shift from RM4,000 to RM2,000 is something which already undermined PH's credibility severely, what more this wage garnishment scheme that penalises those who have supported PTPTN with steady monthly payments,' Lee said in a statement today.
In nullifying the P62.05-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.
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. Negotiating Currently Not Collectible status indicates to the IRS that you are serious about your responsibility to pay off taxes you may owe but do not have the funds to pay at this time.
This article is a follow up to the March 2012 Florida Bar Journal article, "Bacardi on the Rocks." (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.S.
Rising Threat to Benefits in Bank Accounts: Garnishments
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.
Among the more popular collection tools are notices, placing liens, property seizure, setting levies and garnishments, using the court system, summoning and interrogating, withholding permits and licenses, padlocking, using collection agencies and outside attorneys, withholding payments due, setting off state tax refunds, requiring bond posting, and sale of real estate tax liens or property sales.