Garnishment Bond

A Garnishment Bond is a type of type of surety bond that is required by a plaintiff if they intend to garnish a defendant’s wages, assets or bank account before a judgement is made. The third party that holds the money or property of the debtor must hold onto the money or property until the outcome of the case is determined.

Garnishment Bonds are similar to Attachment Bonds. A Garnishment Bond guarantees that if the plaintiff prevails in the lawsuit, the defendant’s property, even if held by a third party, will be accessible to the plaintiff.