Wage garnishment applies when an employer is legally required to take a certain percentage of the wages earned by an employee in order to pay off their debt to creditors. In order to garnish wages of an employee, typically a court order or through documentation from the Internal Revenue Services or state tax agency. The rate of wage garnishment can vary from state to state, but there is a federal set amount of under 25 percent for one garnishment. If multiple garnishments exist, the percentage will be divided between your garnishments to a total of 25 percent.
Wage garnishment Michigan law follows the federally approved standard rates. If you find yourself facing wage garnishment Michigan lawyers may be able to help you determine if you are a candidate for filing bankruptcy. Filing for Chapter 13 bankruptcy Michigan residents can receive reorganization of their personal debt. Chapter 7 michigan bankruptcy is another option, which allows the debtor to retain some of their Foreclosure attorneys in Michigan can advise you on the best options for your personal financial situation. The consequence of filing for personal bankruptcy in Michigan or any state is that it remains on your credit rating for seven years (Chapter 13) and 10 years (Chapter 7). The decision to file for bankruptcy in Michigan will be best discussed with an attorney that specializes in financial law.
In discussing with your Michigan bankruptcy lawyer, filing for bankruptcy in Michigan that may be an option that may assist with garnishment Michigan wages period. Title III is a provision that allows a debtor to still receive some amount of partial compensation during their wage garnishment michigan. It also prevents employers from terminating your employment due to wage garnishment. The provision clearly states that employers cannot fire, discipline or discriminate employees that are under wage garnishment.