Ads
related to: how to avoid future garnishments
Search results
Results From The WOW.Com Content Network
Taking measures to avoid future tax debt is just as important as settling with the IRS over current tax debt. Here’s what you can do: ... liens, or wage garnishments. These situations often ...
To avoid wage garnishment relating to federal student loans, you can negotiate repayment terms with the U.S. Department of Education or the collection agency assigned to your account.
Creating a plan to repay debt while unemployed can help you improve your financial future and avoid future wage garnishment. Show comments. Advertisement. Advertisement. In Other News.
Wage garnishment, the most common type of garnishment, is the process of deducting money from an employee's monetary compensation (including salary), usually as a result of a court order. Wage garnishments may continue until the entire debt is paid or arrangements are made to pay off the debt. [ 3 ]
A levy in the form of garnishment upon wages is considered to be a continuous levy, i.e. it needs to be applied only once and will be applicable to future wages until either released by the IRS under §6343 or the debt is fully paid. So as future wages are earned, no additional levy action is necessary by the IRS to take a large portion from them.
Depending on the type of debt, it could be discharged in bankruptcy, allowing you to avoid future wage garnishment when the bankruptcy is over. What types of debt are excluded from an automatic stay?
Ads
related to: how to avoid future garnishments