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A garnishee order is a legal procedure that allows a creditor to collect a debt by intercepting a debtor's income or assets directly. This order can target wages, bank accounts, or other property, and it typically requires a court's approval. There are different types of garnishee orders, including those that apply to payroll deductions or bank levies. For a clear example, consider a situation where an employer receives a garnishee order to withhold a portion of an employee's paycheck to satisfy a debt, ensuring the creditor receives the owed amount.
Suppose A owes Rs. 1000 to B and B owes Rs. 1000 to C. by a garnishee order the court may require A not pay money owed to him to B, but instead to Pay C, since B owes the said amount to C, who has obtained the order.
Complete the Garnishee order for debts form ???Your case number. Date of the judgment. Name and address of the other party. Name and address of the garnishee (the bank or third party who owes the other party money). Total amount of the judgment. Your contact details including address, telephone, fax and email.
Wages. Wage garnishment, the most common type of garnishment, is the process of deducting money from an employee's monetary compensation (including salary), usually as a result of a court order.
A garnishee order is passed by the competent court ordering a garnishee not to pay a certain amount directly to the judgment debtor since he is the person who is indebted to the decree-holder. The purpose of this order is to protect the interest of the decree-holder and prompt payment of certain debts to him.
Two types of orders: Order Nisi and Order Absolute. Order Nisi ? bank recovers its over dues if any from the judgement debtor's account and informs the balance in the account to the court. Also informs the judgement debtor ie its customer.