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Saturday, November 7, 2009

What is the term used when the court orders to put a hold on a person's account?

This hold is placed when the person owes a company or another party money, and the hold is placed until everything has been settled.





My mind is blank today, it's on the tip of my tongue, bonus for the first one to answer it right
What is the term used when the court orders to put a hold on a person's account?
The court order "Freezes" your account. It's something like wage Garnishment.





Look at the weblink I provided, it explains the process, according to Illinois law.
Reply:When they just want to get you attention, they put a hold on your account, so you can't make any withdrawals. If you still refuse to pay and there's a judgement against you, they can take the money. Then it's a seizure. If they go to your employers and have part of your pay check redirected, it's called garnishing your wages.
Reply:writ of execution?

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