Difference between revisions of "When a Creditor Wants to Take Money From Your Wages or Bank Account"

When a Creditor Wants to Take Money From Your Wages or Bank Account (view source)

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 Garnishment is a drastic way to collect a debt, under Part 1 of ''[http://www.bclaws.ca/civix/document/id/complete/statreg/96078_01 The Court Order Enforcement Act]''. It lets a creditor attach (intercept and take) money owed to a debtor by others, before that money is paid to the debtor.
-For example, say you (the debtor) owe someone (a creditor) money. The creditor) sues you and gets a court judgment against you. You must pay the creditor back. Now, if someone else owes you money, the creditor can intercept the money owed to you by requiring the money be paid into court, instead of to you.
+For example, say you (the debtor) owe someone (a creditor) money. The creditor sues you and gets a court judgment against you. You must pay the creditor back. Now, if someone else owes you money, the creditor can intercept the money owed to you by requiring the money be paid into court, instead of to you.
 Often the money garnished (or intercepted) is money in the debtor’s bank account (money the bank owes the debtor) or wages an employer owes to the debtor. In either case, a garnishing order can require the bank or employer to pay the money into court.