Wage garnishment means that your wage will be garnished under the laws of Fair Debt Collections Practices Act. Can you tell me whether you are both working, and getting retirement money? However, retirement fund cannot be garnished. You need to maintain separate accounts for your retirement money, and your wages. In addition you can declare both to the bank and the creditor about the retirement fund.
wage garnishment
Hi tamekalttl,
Welcome to this community :)
Wage garnishment means that your wage will be garnished under the laws of Fair Debt Collections Practices Act. Can you tell me whether you are both working, and getting retirement money? However, retirement fund cannot be garnished. You need to maintain separate accounts for your retirement money, and your wages. In addition you can declare both to the bank and the creditor about the retirement fund.
Thanks,
Aaron