IRS Tax Lawyer's Blog

If you are having a hard time paying your debt on time for several times chances is your creditor will be asking for a wage garnishment in order to ensure that they can get your payments. What will happen is, wage garnishment will put under your salary and portion of it will be withhold by your employer in order pay to your creditors. Wage garnishment will continue on until all your debt are paid off including the penalties and interest that are being added to your outstanding debt. Legally, your creditor has the right to ask for a wage garnishment and the court can give them the right if you are being found delinquent on your payments. To have a wage garnishment on your salary your creditor has the control of your money until you paid off all your debt.

There is a way to prevent wage garnishment to happen as well as stop it before it can happen to your salary. Once you receive letters from your creditor, do not ignore it, you can both contact your creditor and ask for a payment plan or you can ask your tax lawyer to do the negotiation. This to make sure that everything is in order and both parties are happy of the arrangement. Any credit company are willing to negotiate as long as you are willing to settle because by agreeing to the negotiation it will less paperwork on their part. As for your part, just make sure that you are doing your part of the arrangement because if not your creditors will then ask for a wage garnishment.

Wage garnishment is one of the many tools that the creditor can use in order to collect the money that you owe. Of course, don’t forget that there is still a tax lien or bank levy that they can ask to the court in order to get hold of the money that you owe to them in the first place. So, if you do not what to make it worse settle your debt by contacting your creditor and ask for a payment plan so that no wage garnishment can happen.

Although it will takes a while before wage garnishment can happen to your salary because they have to inform you first of the impending wage garnishment which means it will give you an opportunity to resolve your debt outside court or it will give you a chance to defend yourself so that wage garnishment can be avoided. However, once the court decided that wage garnishment will be on your salary, then 25% will be deducted on your salary.

Once the court order of wage garnishment is on the hand of your employer, he or she does not have the choice but to get the 25% of your salary to pay to your creditor. It is a big battle on your part if wage garnishment is under your salary because it could result to a huge impact on your life as well as to your family. So, to avoid wage garnishment, settle your debt or ask for a payment plan so that you can get your salary in full.