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Is forclosing on a home consider a hardship if student loans are going to garnish your income tax?
Wiki User
∙ 14y ago
my husbands checks have been garnished now for a year and a half he has paid about 10,000 and now they want to garnish our intire tax refund and we are in over our head in debt we got a foreclosure letter that if we dont pay 4,000 we will loose our home the only way we can stop this is to use our income tax refund is this enough grounds for extreme hardship on your family
Wiki User
∙ 14y ago
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If a deferrment on a student loan has been done will IRS still garnish?
if a deferrment has been done on a student loan wll IRS still garnish refund.
Can wage be garnish in MA for private student loan?
Yes, they can.
Can student loans garnish unemployment income in Nevada?
yes
Can student loan garnish your pay and your taxes at the same time?
Yes, of course.
Repossess for a defaulted student loan?
In the US, the Dept of Ed. does not reposes anything on the repayment of Federally Guaranteed Student Loans. They will only garnish wages, garnish social security, and keep tax returns. If you need help getting out of Default on your student loans, click on the link at the bottom of this text box.
What is the percent they can garnish on a student loan?
In the U.S., 15% of your wages is the guideline, but I have seen up to 25%.
How much can irs garnish from paycheck?
The IRS can garnish your wages if you owe the government back taxes or defaulted on your student loans. They can take as much as it takes to pay off the debt.
Can child support garnish your student loan in Pennsylvania?
No. Child support is based upon the non custodial parent's income. A student loan is considered a debt.
What is an undue hardship petition?
This is a petition filed by a student loan debtor in 2 circumstances: 1) to appeal administrative wage garnishment on the grounds that is poses an undue hardship to the borrower or their Dependants, or 2) an adversary proceeding in bankruptcy court where a debtor attempts to prove that their student loans should be permanently discharged because repayment would cause undue hardship to them or their Dependants. Under both circumstances, the borrower bears the burden of proving that exceptional financial hardship make them temporarily(for the first) or permanently(for the latter) unable to make the minimum payments required by their student loan agreements. Please search "administrative wage garnishment" and "student loan bankruptcy" for more info applicable to you.
Can a student Loan take money when your social security disability check under 750?
Can a student Loan garnish money, From your social security disability check when it is under $750.00
How can you stop student loan garnishment if it will cause extreme hardship on your family?
*************************** From student loan GUY at www.studentloanfundamentals.com You can surely challenge the garnishment IF it is causing financial hardship... Here is how to stop the garnishment: Financial Hardship: You can challenge the garnishment by submitting what is called a "financial statement". Along side with the financial statement you would want to submit all of your bills and expenses. (Remember they consider credit cards, Timeshares, and such as luxuries) If you have medical bills or medical problems make sure that you include proof of this... Non-Financial Hardship: Negotiate a minimum payment that is a qualifying amount for the "Rehabilitation payment program". This is going to sound silly but hear me out.... MAKE PAYMENT ON TOP OF THE GARNISHMENT.... after 9 months your garnishment will cease and you will have most of your collection fees waived... Best of Luck... Mr. K Rogue student loan collector
What does undue hardship encompass in bankruptcy in NH?
I have only heard undue hardship used in a bankruptcy context when dealing with student loans. In this context, undue hardship means that you have some kind of permanent disability and are therefore unable to pay off your student loans. Basically, you would need to be paralyzed, have MS or ALS, Parkenson's, etc... Merely being unable to find a job in the filed you studied is not enough.
