Glossary Definition
Garnishee Order
Garnishee Order Definition: A Garnishee Order is a judicial instruction issued to a third party (like a borrower's employer or their secondary bank) explicitly directing them to redirect funds from the borrower to the judgment creditor to satisfy a debt.
Why it matters in Debt Collection
- Often used in severe corporate defaults.
- Immediately freezes the working capital or salary of a defaulter.
- An extreme escalation tactic deployed when skip tracing reveals unencumbered cash pools.