Financial Institution Garnishment Judgment 
Collections Law
JANUARY 31, 2025
They allow you to secure assets of the debtor before the court issues a judgment. Attaching real estate to secure your judgment Real estate attachments allow you to place a lien on the debtors property. This can include bank accounts, accounts receivable or other financial assets. first appeared on Law Offices of Alan M.
FFGN COLLECT NY
JULY 7, 2022
On December 31, 2021, Governor Hochul signed the Fair Consumer Judgment Interest Act into law. This amended the post-judgment interest rate on all judgments against consumers from 9% to 2%, effective April 30, 2022. An income execution (also known as a garnishment) is another manner of collecting a money judgment.
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FFGN COLLECT NY
JUNE 3, 2020
With both consumers and small businesses receiving funds from the Paycheck Protection Program (PPP) and CARES Act, questions have come up as to whether these amounts can be frozen or garnished by debt collectors or creditors. Is garnishing PPP or CARES Act funds an option for satisfying outstanding monies owed to judgment creditors?
Jimerson Firm
NOVEMBER 8, 2023
Judgment creditors are often faced with the question of how to collect an out-of-state judgment (also commonly referred to as a foreign judgment) in Florida. Once the foreign judgment is domesticated, the judgment creditor may pursue post-judgment collections efforts in Florida. 55.501, Fla. 55.505, Fla.
Debt RR
AUGUST 3, 2020
This unpaid debt can lead to a serious problem for businesses: garnishment. Bank account garnishment can create serious cash flow blocks for companies of all sizes, and those cash flow problems can compound into other issues, like payroll concerns and late payments on other accounts. Can Debt Collectors Garnish Bank Accounts in Texas?
Troutman Sanders
NOVEMBER 2, 2020
It requires federal regulators to exclude PPP loans from asset-size calculations for the purpose of determining capital ratios, deposit insurance premiums, and other asset thresholds at those financial institutions. For more information, click here. For more information, click here.
Debt RR
AUGUST 3, 2020
This could lead to bank account garnishment. Is It Legal for Commercial Debt Collectors to Garnish Bank Accounts? While the IRS doesn’t need court approval to garnish bank accounts, other creditors can file a lawsuit against businesses – and their owners, in some cases – to receive a judgment that requires payment in full.
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