Statistics on Wage Garnishments and How to Stop a Wage Garnishment
This morning, Marketplace on National Public Radio ran a piece on wage garnishments for debts where a judgment has been entered. A link to the report is below.
1 in 10 working individuals between the ages of 35-44 are having their wages garnished. Many of my clients have had more than one wage garnishment before seeking my assistance.
Wage garnishments do not just magically happen. First, you have to be sued by a creditor on an unpaid debt in Superior Court. Assuming that you do not respond to the lawsuit or settle the debt, a judgment will be entered against you. After a judgment is entered against you, the law firm for the judgment creditor can garnish your wages until the debt is paid in full or you file for bankruptcy. Filing for bankruptcy is the only way to immediately stop a wage garnishment permanently. In New Jersey, by state stature, 10% of your wages must go to a judgment creditor. More than one judgment cannot be taken from your wages at once. However, once one judgment concludes, the next in line can begin garnishing your wages.
Know your rights and come see me for assistance. I’m here to help. Hang in there!