When a person is unable to pay their debts to a given creditor, the creditor may take legal action against them so as to get his money back. If this is the case, the court system may decree a garnishment order. This involves deducting money from the income of the debtor until his dues are fully settled. However, this has not been in good books with everyone and there have been campaigns to stop garnishment today San Francisco CA.
When a court gives the sentence of garnishment, any income received by the debtor is slashed a given amount, which is given to the creditor as payment for unpaid debt. This affects all income including salary and/or wages. The amount set by the courts is deducted from every income received until a debtor has fully received his amount due, as well as a retainer for any fees incurred as well as interest due.
Most people in society as well as those entangled in such court battles depend on a single paycheck for their livelihood. As such funds are deducted as a natural deduction such as tax and levies would be. The court and creditor usually communicate this to the debtor's employer. He is instructed to slash off a certain amount from his payroll and send it to the creditor until notice is given to cease.
There are certain debts that will mandate the court to place an order of summons on a given account. This is mainly caused by debts in regard to delayed or failed alimony payments, defaulted or backlogs in student loans, piled up taxes and a number of unpaid legal duties and fees including court fines.
Credit card debt has been recorded to have the highest defaulters sentenced to summons. Most credit card companies will attempt other methods of settling the debt before settling on garnishing the debtor. The company usually will attempt to sell the debt to other companies. If all else fails, the company will then sue, which against most odds will lead to garnishment.
This method of getting people to pay their dues back has been termed as barbaric and archaic. It has been shot down by common men and law professionals alike. There are a lot of scholars trying to come up with new measures of how to settle such disputes without having to embarrass a debtor, as is the case with garnishing.
Filing for bankruptcy is a method being advocated for by lawyers to avoid summons. It can also be used to cease the collection of income. The procedure has to be done correctly and carefully. Requesting a negotiation with the creditor is another method that has shown positive results and will often result in elimination of the summons.
Garnishment has for a long time been viewed as being the most effective way of getting a debtor to pay off their dues. The method has however received quite some bashing from various circles. These same people are looking for more humane ways to replace this method. They are also staging campaigns to put a stop to garnishment today in San Fransisco CA.
When a court gives the sentence of garnishment, any income received by the debtor is slashed a given amount, which is given to the creditor as payment for unpaid debt. This affects all income including salary and/or wages. The amount set by the courts is deducted from every income received until a debtor has fully received his amount due, as well as a retainer for any fees incurred as well as interest due.
Most people in society as well as those entangled in such court battles depend on a single paycheck for their livelihood. As such funds are deducted as a natural deduction such as tax and levies would be. The court and creditor usually communicate this to the debtor's employer. He is instructed to slash off a certain amount from his payroll and send it to the creditor until notice is given to cease.
There are certain debts that will mandate the court to place an order of summons on a given account. This is mainly caused by debts in regard to delayed or failed alimony payments, defaulted or backlogs in student loans, piled up taxes and a number of unpaid legal duties and fees including court fines.
Credit card debt has been recorded to have the highest defaulters sentenced to summons. Most credit card companies will attempt other methods of settling the debt before settling on garnishing the debtor. The company usually will attempt to sell the debt to other companies. If all else fails, the company will then sue, which against most odds will lead to garnishment.
This method of getting people to pay their dues back has been termed as barbaric and archaic. It has been shot down by common men and law professionals alike. There are a lot of scholars trying to come up with new measures of how to settle such disputes without having to embarrass a debtor, as is the case with garnishing.
Filing for bankruptcy is a method being advocated for by lawyers to avoid summons. It can also be used to cease the collection of income. The procedure has to be done correctly and carefully. Requesting a negotiation with the creditor is another method that has shown positive results and will often result in elimination of the summons.
Garnishment has for a long time been viewed as being the most effective way of getting a debtor to pay off their dues. The method has however received quite some bashing from various circles. These same people are looking for more humane ways to replace this method. They are also staging campaigns to put a stop to garnishment today in San Fransisco CA.
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