Investment Research Institute, Inc. v. Sherbank Marketing, Inc.

Gorman, Judge.

This appeal arises from a post-judgment garnishment proceeding. Garnishments in the amount of $78,109.04 were issued to the defendants-appellants, International Business Systems Information, Inc. (“IBI”) and Walter A. Lynch, its president, directing the two to pay any accounts payable IBI had with Sherbank Marketing Services, Inc. (“Sherbank”) to the plaintiff-appellee, Investment Research Institute, Inc. (“IRI”). The trial court found that IBI and Lynch deliberately circumvented the • garnishments by paying $50,000 to Sherbank’s receiver through IBI’s lawyer. Consequently,…