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Fact Sheet #30: The Federal Wage Garnishment Law, Credit Protection Act’s Title III (CCPA)

Fact Sheet #30: The Federal Wage Garnishment Law, Credit Protection Act’s Title III (CCPA)

This particular fact sheet provides basic information concerning the CCPA’s limitations in the quantity that companies may withhold from a person’s profits in reaction up to a garnishment purchase, in addition to CCPA’s protection from termination as a result of garnishment for just about any solitary financial obligation.

Wage Garnishments

A wage garnishment is any appropriate or equitable procedure through which some part of a person’s profits is needed to be withheld when it comes to re payment of the debt. Most garnishments are built by court purchase. Other forms of appropriate or equitable procedures for garnishment include IRS or state taxation collection agency levies for unpaid fees and federal agency administrative garnishments for non-tax debts owed into the government.

Wage garnishments don’t add wage that is voluntary is, circumstances for which workers voluntarily concur that their companies may start some specified amount of the profits to a creditor or creditors. Continue reading