What is a Garnishment Bond and why is there a need for one?
shared by suretybondauthority on Nov 02
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The term Garnishment is defined as a form of legal proceeding that enables someone you financially owe (the plaintiff), to seize your property and assets as payment. A Garnishment Bond, on the other h...
and, is a type of judicial bond that is provided by the defendant to secure the release of property reached by a garnishment.
It also ensures that if the plaintiff wins the case, the defendant’s property (such as assets, wages, financial accounts) will be released to the plaintiff.
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