A loan is rated at its face value--in this case $30 million--plus accrued interest, and it is usually possible to recover money when a loan is bad; the collateral can be seized and the salary of the lender can be garnisheed
. But DiConcini's associates pledged no collateral, and their company's few assets were overshadowed by huge liabilities.
Shouldn't he lose the right to vote or his driver's license, or be required to do 20 hours a week of social work or have his income garnisheed
Powers was struggling with debt and his paycheck from Blackstone National was being garnisheed
by the IRS for $5,192.66 and the state Department of Revenue for $954.49.
19, a judge in Tarrant County, Texas, garnisheed
Country Coach's operating bank account in the amount of $497,611 for the collection of a judgment sought by Southern Holdings LLC.
"Financially capable" persons (200 percent of the poverty level) who choose not to purchase at least catastrophic insurance and end up needing care will have their wages garnisheed
by the government over the course of seven years.
He owed the Internal Revenue Service back taxes, his wages were being garnisheed
for child support and his house was threatened with foreclosure, driving him to borrow hundreds of thousands of dollars from friends and co-workers and pawn his wedding ring and a Rolex watch with sentimental value, Ms.
She's never been imprisoned, she said, but the IRS has garnisheed
her wages - the agency took more than $5,000, for example, for taxes from 1993 to 1997.