garnishee

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Garnishee

A person from whom a portion of his/her full salary or wages is withheld, especially in order to pay a creditor or the tax agency. For example, suppose one's regular paycheck is $1,500. A garnishee may receive a check for only $1,050 because the government is withholding $450 for taxes. Garnishment may also occur for other reasons, such as to pay child support, back taxes, or some debts.

garnishee

A party who owes money or holds property belonging to the judgment debtor.
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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.