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What is a lien on earnings?

A federal tax lien is the governments legal claim against your property when you neglect or fail to pay a tax debt. The lien protects the governments interest in all your property, including real estate, personal property and financial assets.

Is lien and garnishment the same thing?

While liens and garnishments serve a similar purpose, they function in very different ways. A lien is a security interest granted over an item of property, such as a house or a car. A garnishment, on the other hand, is a method of collecting a debt from a persons wages or other monetary compensation.

What is a writ of garnishment for continuing lien on earnings?

If your judgment debtor is employed by someone else, you as the judgment creditor may also garnish the judgment debtors earnings (wages, salary, etc.) owed to the judgment debtor by the judgment debtors employer. This is called a Writ of Continuing Garnishment (On Earnings of a Natural Person).

What is a continuous wage garnishment?

Payroll garnishments continuing earnings garnishments are court-ordered procedures that require an employer to withhold certain amounts from an employees paycheck and send those amounts directly to a third-person individual or entity to whom the employee owes a debt.

What is a continuing lien?

continuing Lien on the Pledged Collateral that shall (i) remain in full force and effect until payment in full of the Securities, (ii) be binding upon the Company and its successors and assigns and (iii) enure to the benefit of the Trustee and its successors, transferees and assigns.