If a creditor posts a bond with the court, it may garnish your bank accounts?

[optimistic1]

If a creditor posts a bond with the court, it may garnish your bank accounts even before a judgment has been obtained.


I found this on a attorney's website here in Arizona.


Can someone fill me in on this?

Would it then be wise, to close my wifes bank account, like, tommorow?

[HHM]

That tool is for higher end civil cases. Strictly speaking, they would not be collecting the debt, the money, if it is taken from the bank account, is held in escrow until judgment is entered. No run of the mill consumer creditor is going to post a bond.

Such a tactic is used to secure money or property that actually belongs to the plaintiff. Typical example
Customer highers builder to build building
Customer places deposit
Builder never starts construction.
Customer sues builder and at the same time, requests the court to seize funds in the amount of the deposit because there is a high risk the funds could be liquidated before judgment is entered.
The court, assuming it will grant the motion, requires the customer to post a bond.

I wouldn't worry about it.