Legal Question in Business Law in Virginia

Re: Debt Collection

First one (the judgment creditor) must find where the judgment debtor's assets are located, e.g., a salary that can be garnished or a bank account that can be levied against. Other valuables belonging to the debtor such as stock/bonds, bank safety box holdings as well as other types of personal property, or real property may also be seized or in the latter case at least encumbered with a lien. But, for the average debtor it will most likely be the bank account and/or wage garnishment which will serve as the likely sources of assets seizable to pay the judgment.

Once the judgment creditor locates either the debtor's bank account(s) or employer(s), the creditor should then contact the clerk's office of the court which entered the judgment against the debtor and request that

the document entitled "Summons in Garnishment" be sent to the bank and/or employer as appropriate. One or both of these holders of funds belonging to the debtor will then start sending the withheld monies to the address indicated on the summons and, of course, hopefully, there will be enough monies from one or both sources to eventually pay off the judgment.