Effect of garnishee etc. order
97 Effect of garnishee etc. order
If:
an instalment is being paid, or has been paid, to the credit of an account; and
a court order in the nature of a garnishee order comes into force in relation to the account;
the court order does not apply to the saved amount (if any) in the account.
The saved amount is worked out as follows:
Method statement
Step 1. Work out the total amount of the instalments that have been paid to the credit of the account during the 4 week period immediately before the court order came into force.
Step 2. Subtract from the step 1 amount the total amount withdrawn from the account during the same 4 week period: the result is the saved amount.
This Act’s bill:Explanatory memorandumSecond reading speech
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