Garnishor is a term primarily used in the context of legal proceedings, particularly in the field of debt collection or bankruptcy. It refers to a person or party who has obtained a judgment or court-ordered decision to garnish or collect a debt owed by another individual or entity.
When someone owes a debt, such as an outstanding loan or unpaid bill, and fails to fulfill their obligation, the creditor may seek legal intervention. If successful, they can request a court order to garnish the debtor's wages, bank accounts, or other assets as a means of satisfying the debt. The court-appointed individual or entity responsible for enforcing this court order is known as the garnishor.
The role of the garnishor involves serving legal notices or documents to the debtor, their employer, or relevant financial institutions to initiate the garnishment process. They typically have the authority to seize a portion of the debtor's wages or funds directly from their bank account, depending on the laws and regulations of the jurisdiction in which the garnishment occurs.
In some cases, a garnishor may also be responsible for determining the amount of the debt owed and ensuring that it aligns with the court's decision. They may need to maintain accurate records and provide periodic reports to the court regarding the garnishment process.
Overall, a garnishor plays an integral role in the debt collection process, working to ensure that creditors are able to obtain the funds owed to them through legal means.
