Detailed overview of garnishee orders, their historical context, types, key events, mathematical models, examples, and importance in financial and legal systems.
A Third-Party Debt Order is a court-issued directive that instructs a third party, often a bank, to refrain from disbursing funds to a judgment debtor and to instead pay a specified amount to the creditor or the court. Previously known as a garnishee order, it serves as a vital tool in debt recovery.
