Two of the most common tools for protecting creditors’ rights are attachment and garnishment. These remedies can be used either before or after obtaining a Judgment. To learn more about attachment and garnishment as prejudgment or post judgment collection strategies, Contact MLG.
Advising Clients Nationally and Internationally
No matter where you or your debtor resides, or where you obtained your Judgment against the debtor, MLG can advise you about attachment and garnishment.
Attachment is the process whereby property of the judgment creditor and in possession of the judgment debtor is obtained by the judgment creditor. Typically, a sheriff, marshal or other officer of the law will serve a writ of attachment and the attached property is sold at a public sale to satisfy the debt due and owing to the judgment creditor.
Garnishment works in much the same way, but applies to property of the debtor in the hands of another, such as a bank or other financial institution.
There are important differences between prejudgment and post judgment attachment or garnishment. Once you’ve reduced your claim against the debtor to Judgment, your rights to attachment and garnishment are somewhat expanded. You won’t need to post a bond, and you will be able to garnish wages. MLG can advise you about any objections or other problems that you might encounter.
Many judgment creditors depend on garnishment and attachment as their primary means of collection from reluctant debtors. For additional information, contact MLG .