subject: Wage Garnishment - Revealing the Myths and Finding the Reality [print this page] Wage Garnishment - Revealing the Myths and Finding the Reality
Wage garnishment is one of the most horrifying and life-disrupting issues that can occur to someone. You make plans for the money you earn and suddenly discover that you are not going to be getting nearly as much in your paycheck as you thought. And that decreased paycheck is going to be your reality for, presumably, fairly an extended time. There are a number of myths and misinformation on the market about wage garnishment or wage levy and, if you're on this position now or in the near future, you undoubtedly want the facts.
Myth 1 - Nobody can take money out of my paycheck without my permission.
This is a myth. Your employer will receive a notice of garnishment and, by law, has to comply. She or he doesn't have to talk with you or ask you permission. It would just happen.
Myth 2 - Wage garnishment will occur with no warning before time.
This delusion is the flip facet of 1. Although the federal government does NOT need your permission to start garnishing you wages they DO have to offer you notice. You'll receive a number of notices BEFORE any cash is taken out of your pay. You will receive a Notice and Demand for Payment, and then 30 days before the levy begins, you will get a Final Notice.
Myth 3 - Once you obtain your Final Notice there may be nothing you can do to cease wage garnishment.
This can be a delusion too. Once you get that Final Notice you have 30 days to arrange a hearing prior to the garnishment of wages begins. You still have time to work out a fee schedule on your own conditions instead of submitting to the terms of the garnishment.
Myth 4 - They have to allow me enough in my wages so that I can pay my bills.
This is one other myth. Based on last year's tables, you could be left with as little as $179.81 weekly for a single person, or $289.42 for a couple.
Myth 5 - My boss can terminate me if my wages are levied.
It is a little trickier. Your employer is prohibited by legislation from firing you on your first pay levy. However, in case you have two or more garnishments you will be terminated.
Myth 6 - Wages can only be levied for taxes or child support.
This is positively a myth. Your wages could be garnished for student loans in default, unpaid court docket fines, and any form of monetary judgment from a court, in addition to child support and taxes.
Myth 7 - They will solely garnish my wages for one debt at a time.
This isn't true. Your salary might be garnished for a number of money owed all on the same time. And, as mentioned in Fantasy 5, your employer can fire you for a couple of garnishment.
A very powerful data it is best to take from this is that there's a lot of misinformation on the market about wage garnishment. Make sure you get all of the information BEFORE the garnishment starts. Talk to an expert about your choices and about what legal guidelines exist to guard you. It's much easier to barter before the garnishment begins than to change the garnishment provisions after it has begun. Do not wait - get help instantly!
