Wage Garnishment for Medical Debt - Van Horn Law Group
[Pages:20]CONTENT
Introduction
01. What's going to happen 02. How much will you lose 03. When can it happen 04. What you can do to stop it
05. What you can do if it has started 06. What you can ado to prevent it 07. Where you can go for help
INTRODUCTION
Wage garnishment happens when you can no longer pay off your debt. If you're getting behind on your payments, your creditors can move to have your wages garnished. This doesn't happen overnight, though. You will receive lawsuit summons. It's important not to ignore them. Respond and give yourself the opportunity to fight back.
What's going to happen
Before the wage garnishment process, your creditors will sue you in court. That's going to get the legal ball rolling. Once that happens, your creditor will only need to wait for a judgment against you for the medical debt can be obtained. The garnishment will continue until your debt has been paid in full, which could leave you with very little to no wiggle room in your monthly cash flow.
What's going to happen
You could end up with as much as 25 percent of your disposable income garnished, The Balance confirms.
That applies if your income doesn't go beyond $290 per week.
Any amount greater than 30 times the federal minimum wage, though, is set at $217.50 per week.
If you want to do the math, subtract any legally required deductions from your gross income, which can include federal, state, and local taxes.
Unemployment insurance, state retirement systems, and social security deductions may be included as well.
Your disposable income is the amount you get after all those deductions have been applied.
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