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Income Garnishment

If a garnishment is paid can the company take more than what is owed?

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2005-10-03 02:56:02
2005-10-03 02:56:02

Some companies require you to pay fees that are cost to them to take the legal matter.

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If you owe back alimony or regularly fail to pay on time, they can get a court order and take the money owed with a garnishment. A garnishment can be up to 50% of your total income until amount owed is paid.

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They can repossess with any amount owed if unpaid.

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Yes if the total owed was not recovered from the first garnishment, and they can keep hitting the account or paycheck until the debt is paid.

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Until the amount owed is paid back. There is no limit to the time frame. The total amount has to be resolved prior to the garnishment going away.

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Yes, you can be pursued for a debt from 1999. Once you owe a debt, it is always owed until it is written off by the company or paid by you.

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You should refer to the judgement against you to determine what the Judge determined regarding interest. In terms of your garnishment, this is the only document that matters. If you feel you have been garnished too much you should contact an attorney.

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buy selling it for more than you owe on it .or pay the finance company the difference if sold for lees than the balance owed.

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AnswerGenerally once the judgment has been executed as a garnishment it will run until the debt is paid. In many states a creditor must return to court every 60 or 90 days to renew the garnishment order.The necessity for renewal does not apply to wage garnishment for federally funded student loans.I know of one company that can get a garnishment lifted and restructure a defaulted student loan with a low manageable payment, the company is www.defaultms.com

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bill receivable is what is owed to a company; bill payable is what is paid

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Wage garnishment means the deduction of money from the salary of an employee. Wage garnishment will continue until the debt is paid or arrangements are paid to pay off the debt.

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Income from a garnishment is just as taxable as the same income would be if the person had paid the bill in the first place without the need for garnishment.

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It's not going to happen. You owed money and that creditor went to court to get your employer to deduct what you owed them from your paycheck and send it to them. Your employer does not owe you a dime. They followed a court order. They had no choice. You went bankrupt AFTER the garnishment, so anything paid BEFORE the bankruptcy is water under the bridge. You cannot "get money back" on something that was paid before the bankruptcy. Since you went bankrupt, the garnishment should stop but you will not get any money "back".

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Ask whoever took out the garnishment order for a statement.

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The reason for the wage garnishment must be known before it can be determined if the employer has/is making a erroneous deduction from an employee's wages. Wage garnishment is an action that requires a court judgment and all employers must follow the requirements that are outlined in the wage garnishment order. Wages can be garnished for almost any outstanding debt once a judgment has been obtained by the creditor (person owed money). Wage garnishment is often used to collect child support, alimony, tax arrearages. In some instances an employer could have the right to deduct money from an employee's pay when a debt is owed to the company for wages that have been paid in advance, charges not covered under expense account agreement, unearned commission advance, etc.

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A creditor is an entity that a company owes money to, such as debt to a bank or bondholders. If a creditor has a debit balance, it means that your company paid more than they owed. If there was a credit balance, you would owe money on that account.

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Yes. Any person or organization that you owe a debt to and have not paid that debt can get a court ordered garnishment for any income that you have.

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If the debt has already been paid in full, then re-garnishment is illegal. If you have proof that the bill is paid, contact an attorney and sue them for harassment and theft.

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Basically, until the debt is paid. In some U.S. states the garnishment order must be renewed after a specific time, in most an writ of garnishment will continue in the debt is paid in full.

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It SHOULD file a claim with the court to be paid...and it will wait in line and be paid in accord with how the BK progresses...maybe all, maybe some small portion of what it is owed...depending on the situaton of the co that went BK and what what the debt is for and how it was secured, if at all.

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Cash flow and profit are two different concepts. Profit includes non-cash items such as amounts owed by customers but not yet turned into cash (i.e., not yet paid by the customers). Profit is also net of debts currently owed by the company by not yet paid out in cash by the company (i.e. its accounts payable). Cash flow simply tracks the movement of cash (actual money) when received and paid out by a company, regardless of whether income was earned or expenses incurred.

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A Note Payable is a liability to the company and is listed under liabilities. This with any other account you find that is called a "payable" is a liability. A "payable" account refers to money owed by the company that has not yet been paid, but will be paid in the near future. These include anything from Accounts Payable to Wages and even Income Taxes Payable. Just remember the key term is "payable", meaning owed but not yet paid.

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you will get paid more you will be offered more opportunies

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AnswerNo, the deductible is owed to the doctor or hospital. The insurance company doesn't care if you pay it or not. In most cases we'll have no idea whether or not you paid.


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