Accountancy, asked by nathanchetna6312, 11 months ago

Write notes on Garnishee Order.

Answers

Answered by nidhisinha10
1

garnishee order is a common form of enforcing a judgment debt against a creditor to recover money. Put simply, the court directs a third party that owes money to the judgement debtor to instead pay the judgment creditor. The third party is called a ‘garnishee’. A garnishee order is a legal notice the court issues that allows the creditor to collect the amount from either:

the debtor’s wages,

the debtor’s bank account, or

other people who owe the debtor money (e.g. a real estate agent who is collecting rent).

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