When a police officer comes in to a bank and has a 'garnishment'? What is it? What does it mean?
2006-11-17 03:52:16 · 6 answers · asked by Sara S 4 in Business & Finance ➔ Personal Finance
a garnishment is where you were ordered by the court that money be taken from your checking or savings account to pay a debt that you owe to someone .
2006-11-17 03:57:58 · answer #1 · answered by pam m 3 · 1⤊ 0⤋
A garnishment is a specific amount of wage or salary that is held from the person who earns it, to pay for an outstanding debt.
It's usually ordered by the courts in a civil action.
2006-11-17 03:56:36 · answer #2 · answered by chibear666 2 · 0⤊ 0⤋
Means there was a court case and someone owes $$ that has not been paid, so the court orders the $$ taken from the liable persons accounts or in most cases, from their paychecks (when the $$ owed is more than they have in accounts)
2006-11-17 04:01:17 · answer #3 · answered by kate 7 · 0⤊ 0⤋
a garnishment is usually when the government, or child support takes money directly out of your checks.... in this case i am not sure.
2006-11-17 03:55:04 · answer #4 · answered by who be boo? 5 · 0⤊ 0⤋
It's not a good thing.
–noun 1. Law. a. a warning, served on a third party to hold, subject to the court's direction, money or property belonging to a debtor who is being sued by a creditor
2006-11-17 03:54:54 · answer #5 · answered by Anonymous · 0⤊ 0⤋
It is a legal order to take funds from your account.
Here is some additional info. Hope this helps.
2006-11-17 05:32:30 · answer #6 · answered by Anonymous · 0⤊ 0⤋