Garnishee order

From ACT Wiki
Jump to navigationJump to search
The printable version is no longer supported and may have rendering errors. Please update your browser bookmarks and please use the default browser print function instead.

A court order that directs a person or entity who holds funds or assets for a debtor to withhold these 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 (the debtor) for as long as that party owes money to a second party (the creditor).

The second party obtains the garnishee order and the bank is the garnishee.


See also