The Texas Court of Appeals, 3rd District at Austin, reversed the district court's order dissolving prejudgment writs of garnishment obtained by Texas Global Equity Fund XII, LLC (TGE) against 22 entities in connection with a $7 million loan to Breckenridge Development 2019, LLC (BD19). The court found that TGE had established statutory grounds for garnishment and that BD19's extrinsic grounds for dissolution lacked any basis in law or fact. The court rendered judgment reinstating the writs of garnishment and remanded the case for further proceedings.
Priority reviewEnforcementBanking
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