Wage Garnishment

Question:
I owe substantial balances to several credit card companies. One company has sued me already. If it wins, how much of my take-home pay can it get? And what about the other companies? I'm worried that I won't be left with enough money to pay for things like rent, food, and gas.

Answer:
The total amount your creditors can take from your wages is 25 percent of your net pay. That limit applies whether you have one creditor or many. Remember, however, that each creditor must have a judgment against you to be able to garnish your wages. If more than one creditor has a judgment, the first one would garnish your wages, get the 25 percent until the judgment is paid, and then cancel the garnishment. Then the second creditor would garnish 25 percent of your wages until that judgment was paid. And so on.

If your income is very low, the creditor may not be allowed to garnish the full 25 percent. For assistance with wage garnishment issues, speak to our experienced wage garnishments lawyers in Illinois.

The only way to stop a wage garnishment is to pay the debt(s) in full or file a bankruptcy. For information on how a bankruptcy attorney at Lynch Law Offices can help, contact our law office online or call 800-491-7493. We serve DuPage County, including Naperville and Wheaton.

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.