Mississippi Order of Garnishment by Indebted Garnishee
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How to fill out Mississippi Order Of Garnishment By Indebted Garnishee?
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FAQ
Regular creditors cannot garnish your wages without first suing you in court and obtaining a money judgment. That means that if you owe money to a credit card company, doctor, dentist, furniture company, or the like, you don't have to worry about garnishment unless those creditors sue you in court.
By federal law, in most cases only one creditor can lay claim to your wages at a single time. In essence, whichever creditor files for an order first gets to garnish your paycheck.In that case, another creditor's order can be put into effect up to the amount allowed by law to be taken out of each of your paychecks.
If you make $500 per week after all taxes and allowable deductions, 25% of your disposable earnings is $125 ($500 × . 25 = $125). The amount by which your disposable earnings exceed 30 times $7.25 is $282.50 ($500 2212 30 A— $7.25 = $282.50).
In order to ensure that you have sufficient wages for living expenses and necessities, Mississippi law limits the amount that may be garnished to the lesser of: 25 percent of your disposable earnings or 30 times the federal minimum wage.
Mississippi law limits the amount of money that your creditors can garnish (take) from your wages to repay your debts.Most creditors with judgments can take only 25% of your wages, but some types of creditors are permitted to take more. Read on to learn about wage garnishment law in Mississippi.
Even after a garnishment has started, you can still try and negotiate a resolution with the creditor, especially if your circumstances change.
