An Illinois Garnishment Notice is a legal document issued by the court to a third party, such as an employer, informing them of a pending garnishment of wages or income in the state of Illinois. This notice is used to collect unpaid debt from an individual or business by withholding a portion of their wages or income. There are three types of Illinois Garnishment Notices: wage garnishment, income withholding, and financial institution garnishment. Wage garnishment is the most common type of garnishment, and requires a court order to withhold a set amount of money from the debtor's paycheck on a regular basis. Income withholding is similar to wage garnishment, but instead of withholding money directly from the debtor's paycheck, the money is taken from non-wage sources of income such as Social Security, tax refunds, or other government benefits. Financial institution garnishment is a process in which the court orders a bank, credit union, or other financial institution to freeze a certain amount of the debtor's funds until the debt is paid in full.