We are all aware of the fact that creditors/their collection goons can garnish wages and levy bank accounts after obtaining a court judgment. But what about a longterm Certificate of Deposits Like a 5 year CD, earning monthly interest? The holder of the CD cannot liquidate it except at the end of the 5th year - what about creditors/collections?
A CD is actually just another form of a bank account, it just has different T&Cs associated with it. Theorectically, a CD would be a "prime garnishment taget, as it implies that the funds are not used for "living expenses". A judge could order it "liquidated" and proceeds garnished. So, yes, they're more than "fair game".
