Business, Management and Accounting
a year ago

Creditors Can Now Seize Debtors' Wages and Bank Accounts Across Europe

Oxford University Press eBooks
Garnishment
Wendy Kennett

Paper Summary

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The article discusses how in European Union legal systems, a judgment creditor can collect money owed to them by seizing the debtor's assets or wages through a process called garnishment. This allows the creditor to access funds held by the debtor in a bank account or take a portion of the debtor's salary. Garnishment is a common method used to enforce debt repayment.