Article provided by: Holmquist & DickersonThere are not many financial situations as frustrating as Maryland garnishment. No, we're not talking about parsley on a dinner plate. If you owe the IRS money and you don't pay it, they can take the money out of our paycheck by a legal process called garnishment. Call and tell us your story.
In a wage garnishment procedure, money is deducted from an employee's salary or monetary compensation as a result of a court ordered judgment. This wage garnishment court order allows a creditor to take up to 25% of an employee's disposable earnings or the total amount by which his or her weekly wage exceeds 30 times the hourly minimum wage, whichever is lower. When a garnishment is served on the employer, it becomes part of the whole payroll process. If you are having trouble coping with the Maryland garnishment that have been served by your creditor, take a look at your options and get expert advice from Maryland Wage Garnishment to see if you can do something to put an end to your garnishment.
Garnishments are taken for many different types of debts, but certain examples of debt that commonly result in garnishments are as follows: defaulted student loans, taxes, child support, and unpaid court fines. Wage garnishments impact many aspects of your financial life negatively. This includes your credit score, ability to receive loans, reputation, and your ability to open a new bank account, all of which eventually result to further financial trouble. Experts from Maryland Wage Garnishment will help you find ways to avoid or stop garnishments, or make arrangements so that your Maryland garnishment doesn't impact your budget too severely. Other than declaring bankruptcy to end your financial troubles, the group can help you find the best and most viable solution to your wage garnishment problem.