Uniform Law Commission Moves Toward A New Statute Governing Garnishment Of Bank Deposit Accounts

LexisNexis (December 20, 2017, 10:51 AM EST) -- Every state gives creditors a post-judgment right to garnish a debtor's funds in a bank account. Federal law protects certain federal benefit payments from bank garnishment, but beyond that the states vary considerably in the protections they provide. Generally, the state protections are quite limited.

The Uniform Law Commission (ULC) has recently appointed a Study Committee on this important topic.  The Study Committee will decide whether to recommend a Drafting Committee.  If that happens (as expected), the drafting process will begin.  Since the ULC works very...
To view the full article, register now.