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How much can a creditor legally garnish your wages in New York for a past due credit card? |
Answer
NY wage garnishment is: First $127.50 weekly disposable income is 100% exempt. 90% of the amount over that is exempt. Example: Weekly pay after deductions.$500-$127.50=$372x90%= $37.25. The garnisher would be entitled to $37.25 weekly. However, a person's wages can only be garnished by due process, the creditor filing and winning a lawsuit. Filing for a writ of judgment, executing the judgment for garnishment of wages.
Answer
The question relates to a single creditor. If there are 9 credit card companies, does this mean that between them, they can take the entire 90% of your income?
First answer by NCM. Last edit by Roger Davis. Question popularity: 35 [recommend question]
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