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Concept
Bank Account Garnishment
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Summary
Bank Account Garnishment
is a
Legal Process
where a creditor can collect money directly from a
Debtor's bank account
to
Satisfy a debt
, often following a
Court Judgment
. This process requires
Legal Notification
and typically involves
Freezing the account
until the debt is paid or resolved, potentially impacting the debtor's
Financial Stability
.
Concepts
Debt Collection
Judgment Creditor
Legal Process
Financial Stability
Court Judgment
Creditor Rights
Debtor Rights
Bank Account Freeze
Wage Garnishment
Exemption Laws
Garnishment Laws
State Garnishment Laws
Relevant Degrees
Human Rights and Civil Liberties 100%
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