tag:blogger.com,1999:blog-83260017789841292152011-12-19T11:24:49.309-08:00Take the bull by the horns.<br>Legal information that makes sense.<br> Trust not the lawyers or the bankers.<br>Do your homework.<br>Be prepared.Tom Foxhttp://www.blogger.com/profile/11382119491604433679noreply@blogger.comBlogger11100tag:blogger.com,1999:blog-8326001778984129215.post-43962640320418678582009-01-06T09:07:00.000-08:002009-03-01T14:38:39.444-08:00<h1>Garnishment</h1><br /><h3>Abstract definitions of Garnishment:</h3><blockquote><span style="font-style: italic;">"A garnishment is a means of collecting a monetary judgment against a defendant by ordering a third party (the garnishee) to pay money, otherwise owed to the defendant, directly to the plaintiff." - <a href="http://en.wikipedia.org/wiki/Garnishment">Wikipedia</a><br /></span></blockquote><blockquote><span style="font-weight: bold;">gar·nish·ment NOUN: 1. Law</span><br /><br /><span style="font-style: italic;">a. A legal proceeding whereby money or property due a debtor but in the possession of another is applied to the payment of the debt owed to the plaintiff.</span><br /><br /><span style="font-style: italic;">b. A court order directing a third party who holds money or property belonging to a defendant to withhold it and appear in court to answer inquiries.</span><br /><br /><a href="http://www.bartleby.com/61/78/G0047800.html">American Heritage Dictionary of the English Language, 4th ed.</a></blockquote><h3>A specific example of Garnishment:</h3><br />You got sued and they took you to court. You wore a shirt and tie and showed up when it was demanded, and you worked hard at not saying anything too stupid in front of the judge. The judge decided that you owed Visa $7,134.32, and that was about right by your figures, including all the outrageous penalties.<br /><br />The problem is that you don't have $7,134.32 to pay Visa. On a good day your checking account averages out at about $314.17 and you're living from paycheck to paycheck if there's a paycheck. You don't own any real estate or anything else of great value, except for a box of old gold coins that you have buried under the manure pile on your brother's farm. The Visa Company can't exactly sneak onto your brother's farm and grab the gold, however much they'd like to. They have to do it legal.<br /><br />So, Visa has its lawyer cause a garnishment summons be delivered to you brother telling him to cough up the box of gold coins under his manure pile, or go to jail for contempt of court. His choice. Or maybe they send over a deputy sheriff in rubber boots with a shovel to dig up the gold more directly.<br /><br />Either way, that's a garnishment. It is an odd and unusual example, but it's a garnishment nonetheless. A garnishment proceeding can apply to virtually anything with market value, unless it is exempt from execution. Exemptions will be discussed elsewhere. More normal examples of garnishment are <span style="font-weight: bold;">bank garnishment</span> and <span style="font-weight: bold;">wage garnishment</span>.<br /><br /><h3>Illustrated examples of Garnishment:</h3><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://1.bp.blogspot.com/_2YJ5t71DnSY/SWY15Aikw2I/AAAAAAAAAt0/2TUYe1zD_tY/s1600-h/garnishment-1.jpg"><img style="margin: 0pt 10px 10px 0pt; float: left; cursor: pointer; width: 225px; height: 400px;" src="http://1.bp.blogspot.com/_2YJ5t71DnSY/SWY15Aikw2I/AAAAAAAAAt0/2TUYe1zD_tY/s400/garnishment-1.jpg" alt="" id="BLOGGER_PHOTO_ID_5288974065907057506" border="0" /></a><br /><h4>A bank garnishment</h4><br /><br />Where VISA, as <span style="font-weight: bold;">garnishor</span>, makes your bank or credit union a <span style="font-weight: bold;">garnishee</span> defendant and gets your account balances.<br /><br /><br /><br /><br /><br /><h4>A wage garnishment</h4><br />Where VISA makes your employer a <span style="font-weight: bold;">garnishee defendant</span> and gets your paychecks.<br /><div style="clear: both;"></div><br /><hr /><span style="font-size:130%;"><a href="http://tomwfox.wordpress.com/2009/03/01/garnishment-fraud/"><span style="font-weight: bold;">Beware of garnishment fraud scams</span></a></span> - <span style="color: rgb(255, 0, 0);">you'll get caught and go to jail.</span><br /><br /><h3>Legal self-help and practice - garnishment:</h3>Michigan - <a href="http://courts.michigan.gov/scao/selfhelp/collection/garnishment_help.htm" target="_blank">court forms for creditors seeking garnishment</a><br />U.S. Department of Labor - <a href="http://www.dol.gov/dol/topic/wages/garnishments.htm" target="_blank">Wage garnishment</a><br />U.S. Department of Education - <a href="http://www.ed.gov/offices/OSFAP/DCS/awg.html">Administrative wage garnishment for student loan debt</a><br />Carreon and Associates - <a href="http://www.carreonandassociates.com/articles/garnishments.htm">Wage garnishment law<br /></a>Free Advice - <a href="http://bankruptcy-law.freeadvice.com/collections/wage-garnishments.htm" target="_blank">Avoiding garnishment</a><br />Lawyers.com - <a href="http://bankruptcy.lawyers.com/consumer-bankruptcy/Garnishment.html" target="_blank">Garnishment</a><br /><a href="http://www.military.com/benefits/military-pay/military-garnishment" target="_blank">Garnishment of military pay</a><br /><h3>Garnishment statutes:<br /></h3><ul><li><a href="http://boringdetails.wordpress.com/2009/01/05/garnishment-kentucky-law/">Kentucky garnishment statute - KRS 425.501 to 425.526</a></li><li><a href="http://boringdetails.wordpress.com/2009/01/06/garnishment-illinois-law/">Illinois garnishment statute - 735 ILCS 5/12‑701 to 735 ILCS 5/12‑719</a></li><li><a href="http://boringdetails.wordpress.com/2009/01/05/garnishment-indiana-law/">Indiana garnishment statute - IC 34-25-3-1 to 34-25-3-15</a></li><li><a href="http://boringdetails.wordpress.com/2009/02/27/garnishment-michigan-law/">Michigan attachment and garnishment law - MCL 600.4001 to 600.4065</a><br /></li><li><a href="http://boringdetails.wordpress.com/2009/01/05/garnishment-ohio-law/">Ohio garnishment statute - ORC 2716.01 to 2716.21</a></li><li><a href="http://boringdetails.wordpress.com/2009/01/06/garnishment-tennessee-law/">Tennessee garnishment statute - TC 26-2-201 to 26-2-224</a></li><li><a href="http://boringdetails.wordpress.com/2009/01/09/garnishment-texas-law/">Texas garnishment statute - CP §63.001 to §63.008</a></li></ul>Fair Debt Collection.com - <a href="http://www.fair-debt-collection.com/state-garnishment-laws.html" target="_blank">State garnishment laws</a><br />B.S.C.Alliance.com - <a href="http://www.bcsalliance.com/y_debt_statelaws_garnishments.html">Handling Debt Collectors: Wage Garnishments</a><br /><h3>Books on garnishment:</h3>Title: <u>Complete Guide To Federal &amp; State Garnishment 2009</u><br />Author: Amorette Nelson Bryant<br />Publisher: Aspen Publishers, Inc.<br />Binding: Paperback<br />Pages: 1396 pages<br />ISBN-10: 0735574081<br />ISBN-13: 978-0735574083<br />Price new: $269.00<div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/8326001778984129215-4396264032041867858?l=big-balls-law.blogspot.com' alt='' /></div>Tom Foxhttp://www.blogger.com/profile/11382119491604433679noreply@blogger.com0