Bank Account Garnishment VS Wage Garnishment
Garnishment of wages or a bank account can be embarrassing. But, when you fail to pay a creditor a debt that you owe him, garnishment is one of the weapons that he can use against you.
A bank account garnishment differs from a wage garnishment in that it is a one time deal. This means that they have one chance to remove the money from your bank account. For example, if your debt amount is $500, the creditor may legally take any amount up to $500 from that account.
If the account has only $400 of non-exempt funds in it, they make take the entire $400. They may not come back, however, at a later time to collect the remaining $100. If they want to do that, they will have to go through the court process again to garnish the remaining amount.
