According to Missouri state statutes, a creditor can take the lesser of 25 percent of wages, 10 percent if the debtor is the head of a family and a Missouri resident, or the amount that is above 30 times the federal minimum hourly wage.
This information is available at BCSAlliance.com. It reads as follows:
WAGE GARNISHMENT EXEMPTIONS: 90% of weekly net earnings if head of household; if single without dependents, 75%
The state does not allow wage garnishment for creditor debt. It does, however, allow garnishment action for child support and federal and/or state tax arrearages. In some instances it will also allow...
Read this:
http://www.dol.gov/esa/whd/regs/compliance/whdfs30.pdf
We had our entire paycheck garnished this week and by FEDERAL LAW they should have only received 25% MAXIMUM!! Off to an attorney...
In the case of the financial insitution I work for, the balance of the debt must be $5000. (THIS IS FOR MASSACHUSETTS ONLY)The minimum may change if the account is charged off and sold to a third...