Alexander defaulted on a loan from Mississippi Bank. The loan was unsecured, but Mississippi Bank did get a judgment against Alexander. Knowing that Alexander had a bank account at Missouri Bank, he had legal documents served to Missouri Bank which directed the bank to pay the Mississippi Bank the money in Alexander's account. This process is known as a(n)

Question

Quizplus · Accepted Answer

Garnishment is the correct term for the legal process described, where a creditor obtains a court order to direct a third party (in this case, Missouri Bank) to turn over funds in their possession that belong to a debtor (Alexander) to satisfy a debt.

Alexander Defaulted on a Loan from Mississippi Bank