State and federal law offer some protection for you in this circumstance. According to federal law, your company can't discharge you if you have one wage garnishment. (15 U.S.C. 1674). However federal law will not secure you if you have more than one wage garnishment order. Some states offer more defense for debtors.
( Md. Code, Commercial Law, 15-606). A Good Read provides an overview of Maryland's wage garnishment laws. You can discover more info on garnishment in basic at the U.S. Department of Labor website. To get more information about wage garnishments in Maryland, take a look at the Maryland Department of Labor site and Individuals's Law Library of Maryland website.
Description DISTRICT COURT OF MARYLAND FOR Found at City/County Case No. Court Address Name Address Defendant/Judgment Debtor Plaintiff/Judgment Lender SERVE ON: Serve by Constable. Employer/ Garnishee Name
Lenders have a broad array of choices at their disposal when trying to collect on judgments. Among lenders' preferred strategies is to put a garnishment on your wages. This can typically happen thirty days after a judgment is entered. According to wage garnishment laws in Maryland, creditors can, and typically do, use up to 25% of your net earnings per pay check if a judgment has been gone into against you.
It is very important to be prepared and informed about potential courses in action so that you can battle to stop wage garnishment and secure yourself and your assets. Another tool in the financial institution tool kit is to put a garnishment on home besides earnings, which often indicates to position a "freeze" on your checking account.
Furthermore, this triggers extra problems for the growing number of people who get their income by direct deposit. In numerous circumstances, a judgment debtor's income will be straight transferred into a frozen account and the funds from that income will be inaccessible while that account is frozen. After the garnishment is put on your checking account, your bank must confirm the cash in your account.