Question

A Garnishee Order applies to which of the following balances?

• A. Future deposits made after receipt of the order
• B. Balances existing at the time the order is received
• C. Amounts expected to be credited later
• D. Undrawn loan limits

Answer 1

Answer:

B. Balances existing at the time the order is received

A garnishee order can attach only the balance standing to the credit of the judgment debtor at the time the order is served on the bank. Future deposits or expected credits are not attachable, as no debtor–creditor relationship exists for those amounts at the time of receipt of the order.