District Court Failed To Explain Why Profit-Sharing Plan Is Asset Of Company

(December 5, 2018, 10:20 AM EST) -- ATLANTA — The 11th Circuit U.S. Court of Appeals on Nov. 26 vacated and remanded a district court’s ruling that a profit-sharing account issued to the president of a company is subject to garnishment under Florida law after determining that the district court failed to explain why the funds in the profit-sharing account should be considered assets of the company that are subject to garnishment (Whirlpool Corp. v. Freight Revenue Recovery of Miami Inc., No. 17-14752, 11th Cir., 2018 U.S. App. LEXIS 33099)....