Garnishee order: Difference between revisions
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Revision as of 11:07, 25 January 2014
A court order that directs a person or entity who holds funds or assets for a debtor to withhold them from the debtor and release them to the debtor's creditor in order to pay off the debt.
For example, an order from a court forbidding a bank to release money that it holds in the account of one party for as long as that party owes money to a second party.
The second party obtains the garnishee order and the bank is the garnishee.
