If you discover that you're in danger of having your wages garnished it is a frightening feeling especially if times are tight and your budget is already being stretched thing. Your wages can be garnished by federal or state agencies or by your creditors. The federal government has been known to garnish wages to collect back taxes and if this is your situation you will want to speak to a professional to seek tax relief before this happens. Also, did you know that if you owe child support payments your wages can be garnished? They can. If you find you're going to have a wage garnishment you will want to be armed with information so you can understand your legal options.
A wage garnishment is an action that creditors can use to collect money you owe them. Wage garnishments are also used to collect child support from parents as well. If a company is looking to assess a wage garnishment, it will have to go to court, show the efforts it's made to collect, prove what you owe, and request a wage garnishment. The garnishment will come directly from your paycheck until your account is satisfied. If you are unemployed, you likely won't have to be concerned about a garnishment but if you're employed, the money can be taken from your pay before you even see your paycheck. In some instances your wages can be garnished to collect back taxes and you may need legal help in finding tax relief from this situation.
Individuals who aren't receiving an income may find that their vehicles could be repossessed as a way to collect on a debt. Bear in mind that the laws relating to vehicle repossession vary by state. In the event your wages are going to be garnished, you will receive a notice from your creditor, it will go to court and then the local sheriff will come to your place of employment to serve you with the legal papers as it relates to this action. Once all of this is done, your employer will be legally obligated to take the money from your paycheck and divert it to your creditor to satisfy the debt. If you hold a minimum wage or less job, the chances of a garnishment may be low and if your wages are already being garnished by another creditor, you may be able to prevent yet another creditor from requesting your wages be garnished.
Individuals find they may not be able to prevent their wages from being garnished and may need to seek legal counsel. For others who receive income from sources such as public assistance, retirement, unemployment insurance, worker's compensation insurance or disability may find this type of income cannot be legally attached.
Some individuals find the only way to prevent a wage garnishment is to file bankruptcy but this is a drastic legal step for which you will want to seek legal counsel. A bankruptcy can benefit an individual if he or she has a high level of debt from which he or she cannot get out from under and when faced with a wage garnishment, it could be the final straw in a financial quagmire. In that case, bankruptcy might be your only way out.
A wage garnishment is an action that creditors can use to collect money you owe them. Wage garnishments are also used to collect child support from parents as well. If a company is looking to assess a wage garnishment, it will have to go to court, show the efforts it's made to collect, prove what you owe, and request a wage garnishment. The garnishment will come directly from your paycheck until your account is satisfied. If you are unemployed, you likely won't have to be concerned about a garnishment but if you're employed, the money can be taken from your pay before you even see your paycheck. In some instances your wages can be garnished to collect back taxes and you may need legal help in finding tax relief from this situation.
Individuals who aren't receiving an income may find that their vehicles could be repossessed as a way to collect on a debt. Bear in mind that the laws relating to vehicle repossession vary by state. In the event your wages are going to be garnished, you will receive a notice from your creditor, it will go to court and then the local sheriff will come to your place of employment to serve you with the legal papers as it relates to this action. Once all of this is done, your employer will be legally obligated to take the money from your paycheck and divert it to your creditor to satisfy the debt. If you hold a minimum wage or less job, the chances of a garnishment may be low and if your wages are already being garnished by another creditor, you may be able to prevent yet another creditor from requesting your wages be garnished.
Individuals find they may not be able to prevent their wages from being garnished and may need to seek legal counsel. For others who receive income from sources such as public assistance, retirement, unemployment insurance, worker's compensation insurance or disability may find this type of income cannot be legally attached.
Some individuals find the only way to prevent a wage garnishment is to file bankruptcy but this is a drastic legal step for which you will want to seek legal counsel. A bankruptcy can benefit an individual if he or she has a high level of debt from which he or she cannot get out from under and when faced with a wage garnishment, it could be the final straw in a financial quagmire. In that case, bankruptcy might be your only way out.
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Seeking tax relief from the IRS? Contact Guardian Tax Resolutions. The Guardian will help you resolve your tax issues and get you the piece of mind that you deserve.