Legal Q & A
For Karen’s Coffee & Counsel “Q & A” this week, a Chamber member concerned with her high level of uncollected receivables asked can she garnish customers’ bank accounts to pay off debts. Answer: Yes, after filing a lawsuit and obtaining a judgment against the debtor, the judgment creditor can request the court to issue a garnishment writ. A judgment creditor can then garnish bank accounts, savings accounts as well as any non-exempt personal property held by a third party. Let me assist you in your collections by calling and setting up an appointment.
Visit my website http://www.KarenSchroederLaw.com and submit your questions, or stop by my office anytime for a little “coffee and counsel” located at 601 Strada Circle, Suite 104 in Mansfield. I am THE in-house attorney for the small business owner. Please note that this article does not provide legal advice, only opinions.
2 Comments for Uncollected receivables question
Regina
That’s going to make things a lot esaeir from here on out.
That’s going to make things a lot esaeir from here on out.
We have Moved!
(Exit Debbie Lane off Hwy 287 – Inside Southwest Bank in the Home Depot Parking Lot)
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