Illinois Citation to Discover Assets to a Third Party is a legal document that is served by a creditor or other party to a third party who holds assets of a debtor or another person who owes money. This document is used to discover any assets held by the third party that can be used to satisfy a debt owed by the debtor. It is also known as a garnishment or levy. The types of Illinois Citation to Discover Assets to a Third Party include bank account garnishment, asset levy, and wage garnishment. Bank account garnishment means that the court will order a financial institution to freeze a debtor's bank account, so all money deposited in it can be used to pay a debt. Asset levy is when a court order allows a creditor or other party to seize an asset of the debtor or other party and turn it over to the creditor. Wage garnishment is when a court order allows a creditor or other party to take a portion of a debtor's paycheck to pay a debt.
Illinois Citation to Discover assets to a Third Party
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