About Wage Garnishment
Wage garnishment is one of the most detrimental effects of debt accrual that one may face. This term refers to the process of withholding part of one’s earned wages to pay off unpaid debt. Wage garnishment always results from a court order. The government has passed legislation pertaining to wage garnishment, stating the rules and regulations in child support and alimony situations, the maximum amount of money an employer may withhold, and that employers are not allowed to fire workers who are in situations necessitating wage garnishment.
What makes one eligible for wage garnishment?
Not all individuals in debts may require wage garnishment as a method of repaying the owed parties. Those who qualify wage garnishment include people who owe money for the following:
- Federal taxes
- Child support
- IRS
- Court fines
- Student loans
Wage garnishment is generally not the only legal option available to those in the above situations. Debtors should turn to other options before submitting themselves to wage garnishment as a method of debt resolution. These options include personal loans or creditor negotiation. Wage garnishment can seriously harm one’s credit standing and freedom to take out loans or open bank accounts.
Contact Us
If you would like to learn more about wage garnishment and how to avoid it, contact the Austin bankruptcy lawyers of Slater, Kennon & Jameson, LLP today at 512-338-1100 to speak with a qualified attorney about your questions.