Are Collectors Garnishing Your Wages?

Call an experienced Columbus, GA debt relief attorney to help relieve you of this burden

Your wages can be garnished for a number of reasons, including student loans, back taxes, a court judgement, or even child support. Most creditors will need a court order to garnish any potential wages. Federal law limits how much creditors can remove from your paycheck, in most cases, the garnishment is limited to up to 25% of your disposable income. To calculate your disposable income, take your gross income and subtract all legally allowable deductions (ex: Social Security payments). Trust Greg A. Clark to guide you through the entire process of such a sensitive and personal matter.

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Are there different types of garnishments? If so, which applies to me?

There are several different types of garnishments:

1. Wage Garnishments: This is the most common type of garnishment. Creditors will file a lawsuit requesting the garnishment. This level of garnishment can stem from unpaid utility bills, personal loans that are in default, etc. If the court of law awards the creditor, then your employer is legally obligated to provide a portion of your wages and pay your creditor directly.

2. Attachment: This is very similar to the wage garnishments referenced above, but in this case, creditors are also can garnish an individual's sales commission or independent benefits. With an attachment garnishment, the creditor is also capable of dividing the ownership of your property.

3. IRS Garnishment: Instead of an independent collection agency attempting to garnish your funds, this responsibility falls directly on the shoulders of the IRS. They can collect from an individual's income to collect federal tax obligations. Also, unlike the Wage Garnishment or Attachment tactics above, the IRS does not need a court order to begin their collection process. If you've received an IRS Levy, you will be given 30 days to make the payment. If you do not make the payment within the given time frame, the IRS can contact your employer directly and begin pulling funds directly.