An assignment of wages should be contained in a separate written instrument, signed by the person who has earned or will earn the wages or salary. The assignment should include statements identifying the transaction to which the assignment relates, the personal status of the assignor, and a recital, where appropriate, that no other assignment or order exists in connection with the same transaction.
This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.
The Michigan Assignment of a Specified Amount of Wages refers to a legal process in which an employee agrees to assign a specific portion of their wages to another party. This assignment allows the designated amount to be directed towards fulfilling a debt or payment obligation. By signing such an agreement, the employee consents to have their wages garnished and directly sent to the assignee until the assigned amount is satisfied. In the state of Michigan, there are two main types of Assignment of a Specified Amount of Wages: 1. Voluntary Assignment: This type of assignment is entered willingly by the employee. They voluntarily agree to assign a specified portion of their wages to an assigned party, such as a creditor, lender, or repayment agency. The employee may choose to assign their wages for various reasons, including repayment of a loan, fulfillment of a debt, or ongoing payments towards a financial obligation. 2. Court-Ordered Assignment: This type of assignment is mandated by a court of law as a result of a legal dispute or non-payment issue. If an individual fails to fulfill their financial obligations, such as unpaid child support, taxes, or court-ordered fines, the court may order an assignment of a specified amount of wages. In such cases, a portion of the individual's wages is automatically deducted and transferred to the assignee until the assigned amount is fully paid. Keywords: Michigan, Assignment of a Specified Amount of Wages, voluntary assignment, court-ordered assignment, wages garnishment, debt repayment, creditor, lender, repayment agency, financial obligations, unpaid child support, taxes, court-ordered fines, wage deduction.
