Government (backed) Student Loans (like a few other things...child support, legal fines, that type of thing) are given a special, very priority place as an obligation in most all matters...they aren't even able to be dismissed or really subject to a bankruptcy action.
Actually, it isn't the return, but rather the refund that is being taken (usually entirely) under a slightly different right (offset) and used for the debt, (not garnishment). They can garnish up to a certain percentage of your on going earnings...and if you didn't have things like a refund coming to get some payment from, would (and may still) do so.
Essentially, this all means it is a debt that must be satisfied to prevent continued collection. You can get help with your defaulted student loans by clicking on the link at the bottom of this text box.
I think another way of asking your question is something like....how can I not pay my debts and legal obligations without anyone bothering me to do so? And if they have to even go to extreme actions to do so - even though I ignore them and don't want to pay - what can I do to make them hust go away and leave me alone with their money. (But, I want to make sure if there is anything else i need from them...maybe health, or retirement, or whatever....that they just give me it). Now you answer.
Yes. Virginia use federal income garnishment laws. The maximum percentage of disposable income that can be garnished for creditor debt is 25%, with 30x minimum wage ($154.50 weekly based) being exempt from garnishment. All Social Security, government pensions, public assistance and most private pension benefits are exempt from creditor garnishment or levy.
if my wages are being garnished can they still take my income tax check?
The state uses the federal garnishment amount of 25% of disposable weekly income with the first $154.50 being exempt from garnishment. Tennesee garnishment are generally allowed for a maximum of three months and then the garnishment order must be renewed by the garnisher.
The following answer was found online, "Social Security benefits can be garnished to repay Federal debts, but never below $750 per month. A garnishment can take 15%, or the amount over $750, whichever is less."
If it is a govet' insured or guaranteed loan, yes.
Garnishment orders apply to wages or in some cases bank accounts. Sheriff's do not garnish wages they just serve the garnishment order. If you are not being paid by an employer there are no wages to be garnished. Disability benefits are exempt from creditor garnishment. They are not exempt from garnishment for tax arrearages or child support.
A single creditor garnishment can usually be allowed to run consecutively with a child support garnishment with the child support monies being given priority.
You should in fact receive a letter from who the creditor is and if they are being garnished your employer should send you all the information that was sent to them in order for them to proceed with the garnishment.
If you are being garnished for a set amount and are able to pay that in total then you should be able to get the garnishment lifted. If it's not for a set amount, then probably not.
The federal government sets the maximum wage garnishment for creditor debt at 25% of disposable income, with the first $154.50 ( based on weekly income) being exempt from garnishment . Some states use the federal amount others set their own wage garnishment percentages, the debtor is garnished at the amount that is the lowest. Child support deductions do not count as garnishment and can be set at a maximum of 50% of total income. Additionally child support orders can run consecutively with a creditor garnishment but two creditors cannot garnish the debtor at the same time.
Yes, Georgia adheres to the basic federal wage garnishment guidelines, with a maximum of 25% of disposable income subject to garnishment, with the first $154.50 of weekly wages being totally exempt.
You cannot write off credit card wage garnishment payments on your taxes. It is best not to get into a situation where your wages are being garnished.