Writ of Execution and Right of Off-set

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Question:

Can you give any direction on how to handle a "Writ of Execution" AND "Interrogatories in Attatchment". The interrogatories need to be answered within 20 days, but the Writ is asking for garnishment. We also have a loan that is delinquent. We have the right of offset. Do I disclose the balance in the account, less the delinquent payment?

Answer:

When you get these demands within a certain time, you can often get in touch with the clerk of the court and get an extension - especially if there are a lot of records to be gathered. As for off-set, we always answered them with the balance AFTER off-set.

First published on BankersOnline.com 1/7/02