Judgment Against Property With Notice To Garnishee In Cook
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Property or Asset Garnishment: Property or asset garnishment involves creditors obtaining a court order to seize and sell certain valuable assets you own to satisfy a debt. This could be real estate or personal property with value like your car or jewelry.
130). The "judgment against garnishee defendant" means the employer withheld the funds as requested by the Writ. Your husband will continue to be garnished until the debt is satisfied. The plaintiff may need to renew the writ after sixty days.
In a debt collection lawsuit, a judgment is a court order that allows the debt collector to use stronger tools, like garnishment, to collect the debt. A judgment is an official result of a lawsuit in court.
A writ of garnishment is a process by which the court orders the seizure or attachment of the property of a defendant or judgment debtor in the possession or control of a third party. The garnishee is the person or corporation in possession of the property of the defendant or judgment debtor.
States the defendant's plea, a jury's verdict or the court's findings, the adjudication, and the sentence imposed by the court.
The judgment lien is not going to impact a homesteaded property so the mortgage lender would be able to obtain a first lien on your property. So, as long as you otherwise qualify for a mortgage, the judgment lien should not be a problem.
And a homeowner may find it difficult to sell any property that has a lien against it. Prospective buyers may avoid a property to which someone else has a claim.
In a debt collection lawsuit, a judgment is a court order that allows the debt collector to use stronger tools, like garnishment, to collect the debt. A judgment is an official result of a lawsuit in court.
