Wage Garnishment
In times of financial crisis, individuals often find it difficult to maintain financial responsibility for all of their debts and obligations. Many people do not realize that it is possible for the IRS to step in and garnish your wages for unpaid taxes and other debts. It is important to understand the laws regarding wage garnishment and know the steps to take in order to avoid a substantial loss of income.
If you find yourself in need of reliable legal advice, be sure to contact the offices of Boston bankruptcy attorney Joshua Spirn at 1-800-975-5346.
Common Causes of Garnishment
By law, the IRS is allowed to deduct money directly from your monetary compensation, even if the individual is a salaried employee. Federal law limits these payments to 25% of the employee’s disposable income. Employers are instructed to withhold the garnishments from the employees’ paycheck and cannot legally refuse to withhold the amounts levied by the order. Common causes of wage garnishment include:
- IRS Debt
- Child Support
- Student Loans in Default
- Court Fines
- Unpaid Taxes
- Monetary Judgments of any kind
For individuals struggling with financial issues, it is important to know that there are many options that can help ease the financial burden. While filing for bankruptcy cannot eliminate all types of debt, you can help relieve the pressures that dischargeable debt obligations put on your livelihood.
Contact Us
If you find yourself facing a difficult financial situation, contact the Boston Bankruptcy Lawyers of Joshua Spirn and Associates at 1-800-975-5346.
