Garnishee Information Sheet {DC-455}

DC-455 - GARNISHEE INFORMATION SHEET. This form is used to guide garnishees, such as employers and financial institutions, in determining how to comply with a Garnishment Summons in Virginia. A garnishee is a third party, typically an employer or a bank, that holds assets or wages belonging to a judgment debtor and is legally required to withhold and transfer a portion of those assets to satisfy a court-ordered debt. This form provides specific instructions based on the type of garnishment. For financial institutions, it outlines how to determine the amount subject to garnishment, including considerations for joint accounts, federal benefit payments, and other exemptions. For employers, it explains how to calculate disposable earnings, which are wages remaining after legally required deductions such as taxes and Social Security. The form also details how to determine the maximum garnishable amount based on Virginia law, the priority of deductions (such as child support obligations), and the correct process for responding to the court. Employers and financial institutions must ensure compliance by filing a Garnishee’s Answer with the court before the return date on the summons and ceasing garnishment after the specified hearing date. Va. Code §§ 34-29 and 40.1-28.10. www.FormsWorkflow.com