Garnishment: Canada Debt .ca defines Garnishment

Bankruptcy Term Garnishment

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Canada Debt has the definition to the bankruptcy and debt term Garnishment. Finding answers to terms such as Garnishment can be difficult, especially if there is more than one definition which is why we have created a page dedicated to financial terms dealing exclusively with debt. Garnishment in financial terms means...

In debt and bankruptcy terms, the phrase / term 'Garnishment' is used as follows:

A legal process whereby a creditor requires a third party to turn over to the creditor, a debtor's property such as wages or bank accounts.