It depends on your state, but generally about 25% of your TOTAL NET (after tax) earnings can be garnished. But, government benefits life AFDC (Aid for Families with Dependent Children), Social Security or Veterans benefits cannot be garnished.
[ more ]Posts Tagged: garnishments
What is a garnishment?
It is a court order telling your employer to deduct a part of your wages and send it to the court to pay your creditor. It can only occur after your creditor has sued you and gotten a judgment against you, and it can happen only if your earned income after taxes is more than
[ more ]What happens to a garnishment or a creditor’s lawsuit once I file bankruptcy?
Immediately upon the filing of the bankruptcy petition, all creditors must stop any collections against you. The Bankruptcy Court issues what is called an “automatic stay. ” This means that by order of the Bankruptcy Court all garnishments must cease and creditors may not take any further action on any lawsuit pending against you. The
[ more ]Can my employer fire me if they are served with a garnishment Order?
NO! You cannot be fired by your employer because of a garnishment. There are both state and federal laws to protect you.
[ more ]When does a garnishment end?
A garnishment ends when the judgment with legal interest is paid or when your employment ends.
[ more ]How many creditors can put a garnishment on me at the same time?
Only one (1) creditor can garnish you at any given time, however, a garnishment from a creditor and a wage withholding order for child support can occur at the same time.
[ more ]Once the judgment or default judgment is entered, how can the creditor then collect his money?
There are several ways in which the creditor can then proceed to collect his money. One way is to serve a garnishment order on your employer or bank. Another is to execute a judgment lien against your real estate or personal property. The creditor may seek out any assets that you may have that could
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