What is a wage garnishment?

Answer 1

A creditor can file a lawsuit, and if they win, obtain a writ of judgment. That writ can be executed in the form of wage garnishment. Garnishment is one way a creditor can collect money owed from a debtor. Through garnishment a third partycan be ordered to pay money over that is otherwise owed to the debtor.

The most common example is wage garnishment whereby an employer can be served with an order to pay a portion of a defendant's wages directly to a creditor. Garnishment is regulated by statute and laws vary in different jurisdictions. It is commonly used for such debts as child support, defaulted student loans, traffic fines, delinquent taxes, etc. Other methods of collection include liens and attachments.

Some states, are very liberal in the amount that can be garnished. Others do not allow wage garnishment except in specific circumstances such as child support.

Answer 2

If its tax related, the IRS issues "Levies" to your employer(s) and bank(s).

The employer is instructed to withhold and levy a portion of your paycheck and render to the IRS. The bank would freeze your account and render the funds to the IRS within 21 days.

You should AVOID the wage garnishment as soon as you receive the "Notice of Levy" from the IRS. Many taxpayers do not even open the IRS letters, then they get levied and lose a big chunk of their paycheck and the IRS wipes out their bank account(s).

Do yourself a favor, avoid and stop your wage garnishment by resolving your tax problems.

Hire a reputable tax representation firm that is licensed to represent taxpayers before all levels of the IRS, and secondly that specializes in tax relief and tax problem resolution.

Don't let the IRS ruin your life... you might settle your tax debt for less than you owe!

Answer 3

When You owe money to a collection agency via: bank, credit card, hospital, ect... for not paying them the collection agency will take the money directly from your paycheck if you continue to not pay.