When to Utilize Bank Garnishment to Collect a Judgment

Creditors need to carry out a bank garnishment right away as they are likely more aware w of the banking institutions where the debtor has bank accounts. In the event that the debtor made recent payments to the creditor, the bank from which this kind of instalments was sent is usually the ideal place to begin. If there are no known bank accounts, the creditor could try to find out about the debtor’s bank accounts by carrying out a search on assets and/or carrying out a judgment debtor exam. In relation to asset inquiries, some law practices (like ours) have arranged for much-reduced fees with exceptional asset research firms.

Well known Bank Garnishment Issues

On top of the possible challenges pinpointing the debtor’s bank accounts, a further obstacle originates from the necessity to acquire a different writ of execution in every county where a levy is going to be executed. In the past, bank garnishments functioned to remove just the money found at the specific bank branch served with the levy (the debtor’s bank accounts at other branches remain unaffected). Because of this, when a creditor requested to levy on 3 bank branches situated in 3 distinct counties, the creditor had to get different writs of execution (one for every county), interact with different sheriff’s divisions, and employ a few different process servers.

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