You work hard for your money and those paychecks are all-too-important, especially when you are struggling financially. So what happens when your debts cause a wage garnishment? Do you have any rights? Let’s explore closer what a wage garnishment means to your overall financial wellbeing.
What are Wage Garnishments?
A wage garnishment is when a court issues an order obligating your employer to withhold a certain amount of your paycheck and send it directly to the person or institution to whom you owe money until your debt is paid off. This could happen if you owe child support, student loans, or back taxes, credit card debt or a court judgment has been entered against you. Your employer must inform you of the court decision along with where the payments will be sent. They must also tell you where you can protest again this action.
Beyond informing you of this action there are other rights that the debtor has when it comes to wage garnishments. These include:
Things are not hopeless when it comes to wage garnishment. You can petition the courts to lower the amount. In addition, creditors, like credit card companies will not be told of the garnishment. This means your credit score will not be impacted.
Do you have questions about wage garnishment? Contact the Law Office of Barry R. Levine today by phone at 978-922-8440, or visit our website at http://levinelawoffice.com.