Heupel Law | Kevin Heupel
A creditor can garnish up to 25% of your wages for up to six months. If you have three to four creditors, then basically they'll garnish you until the debts are paid in full. It's a lot of money to lose so I'd recommend that you look at bankruptcy as an alternative.
Answer Applies to: Colorado
Debt Relief Law Center | Roger J. Bus
If you file Chapter 7 bankruptcy, the garnishments on your paycheck must immediately stop. If you do not file bankruptcy, garnishments are based on a formula set by the Michigan legislature- which varies and is somewhat complicated. Basically, in a raw nutshell, creditors (unless it is a tax creditor) can garnish about 25% of your paycheck, but the first 30 hours based on minimal wage are exempt from garnishment. Caution: if you have funds sitting in a checking or savings account, all of it can be garnished.
Answer Applies to: Michigan
Bird & VanDyke, Inc. | David VanDyke
In most cases, ordinary creditors can only take a maximum of 25% of your net pay. If you have multiple creditors they may have to wait in line until the first one's are paid because the first creditor will satisfy the obligation at the max of 25% until paid and then the next creditor will start there garnsihment and so on.
Answer Applies to: California
Indianapolis Bankruptcy Law Office of Eric C. Lewis | Eric Lewis
It depends on the law of your state. In Indiana, creditors can max out your wage garnishment at 25% (higher for child support, taxes) of your net income.
Answer Applies to: Indiana
Law Ofices of Thomas G. Harrison, P.C. | Thomas G. Harrison
For a wage garnishment, a judgment creditor is entitled to take 25% of your net paycheck. If there is more than one creditor with a judgment, the wage garnishment of the first will be applied until the debt is satisfied. If there is more than one wage garnishment, each will follow the other until the judgments are satisfied.
Answer Applies to: Maryland