answersLogoWhite

0


Best Answer

When a creditor wins a lawsuit they can enforce a writ of judgment which can be wage garnishment. Wage garnishment may not exceed 10% of the gross salary of the defendant,the first $154.50(based on being paid weekly) is exempt under federal law. NJ allows the choice of federal or state exemption concerning homestead exemptions. The federal exemption being more beneficial for the debtor. The exemption is $18,450 and may be doubled for married couples. There are other exemptions which can protect specific amounts and items of real and personal prop. Some states allow the forced sale of a home that is not covered by the homestead exemption. However this is rarely done when it pertains to the primary residence.If you feel I can be of further assistance please email me macky83@juno.com

User Avatar

Wiki User

19y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Can a credit card company take your home and your wages in New Jersey?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

Can an credit card company garnish your wages?

No


Can a credit card company garnish your wages in California?

A credit card company can garnish you wages if they successfully sue for the owed funds in court. They cannot garnish wages before going through the court system.


Can a credit card company garnish wages for unpaid debt in Texas?

No.


Can credit card company garnish wages if you do not show up in court?

I believe that if a credit card company takes you to court and you or your representative (attorney) do not appear, a summary judgment can be issued against you and the court can order your wages garnished.


Can a credit card company garnish your wages in North Carolina?

No, N.C. law does not allow wage garnishment when it pertains to credit card debt.


Can a credit card company execute a writ to garnish your wages in the state of Alabama?

Yes.


Can a credit card company garnish wages without taking someone to court first?

No.


Does Tennessee allow credit card garnishment?

A person's wages can not be garnished unless a judgment is obtained in court against that person. People get sued all the time for credit card debt. Once the credit card company gets a judgment, then they can garnish wages.


Can a credit card company garnish your wages in New Mexico for unsecured dept?

Absolutely ! If you owe money on a credit card - the company is perfectly justified in recovering that money - even if it means taking payments directly from your wages ! Credit cards are designed to be used responsibly - if you've overused the card to the point that you can't afford the repayments, it's YOUR responsibility to come to an agreement with the card company !


can credit card companies garnish wages in Indiana?

In Indiana, a credit card company can only garnish wages if there has been a judgment against you. If they sued you, and you lost or did not show, and the Judge determined you owed, they can garnish you. They can not do it on their own.


Can an credit card company garnish your wages in Virginia?

Yes, after obtaining a judgment writ from the court.


Can a credit card company garnish your wages in Iowa?

Yes, but only after you are sued, lose and have a judgement against you.