Wage Garnishment in Ohio
Financial burdens can quickly become overwhelming. Individuals who have acquired large amounts of debt or have multiple outstanding loans may be in danger of legal action from their creditors if they do not make a move to act responsibly and repair the situation. Wage garnishment may be an option for financial institutions to receive compensation for unpaid taxes or debts. Anyone with significant debts should understand the laws regarding wage garnishment and be prepared to take steps in order to avoid this loss of income.
If you or someone you love is in serious debt, a Florida bankruptcy attorney from the law office of Ryan J. Really may be able to help. Contact us today at (239) 237-0675 to speak to a knowledgeable legal representative about your rights and financial options.
Common Causes of Wage Garnishment
Wage garnishment occurs when the IRS takes money from an employee’s paycheck before they are issued the payment. After taxes are deducted from the check, the IRS has the right to take 25% of the remaining disposable income. The most common causes of wage garnishment include:
- Student loans in default
- Child support
- IRS debt
- Unpaid taxes
- Court fines
While bankruptcy will not erase all debts, it can greatly relieve the financial pressures that burden an individual. This may make it easier for a person to repay debts and move forward without looming financial difficulties.
If you or someone you love is experiencing financial difficulties associated with debt or has questions regarding bankruptcy options, contact a Florida bankruptcy attorney at the law office of Ryan J. Really at (239) 237-0675.