Add Text To Legal Arkansas Garnishment Forms For Free

In Arkansas, state wage garnishment law is essentially the same as the federal law governing wage garnishment. A wage garnishment should not leave you unable to live, so there are limits to how much can be taken from your pay. In general, garnishments can't exceed 25 percent of your disposable (after deductions) wages.

And some states also allow judgment liens on the debtor's personal property -- things like jewelry, art, antiques, and other valuables. In Arkansas, a judgment lien can be attached to real estate only (such as a house, condo, or land).

A wage garnishment is when a creditor takes money out of your paycheck to address a past-due debt. For consumer debts such as credit card debts and medical bills, creditors have to sue you and win the lawsuit before they can garnish your wages. Then, they need to get a court order allowing the garnishment.

The Writ of Garnishment or Writ of Execution delivered to you with this Notice means that wages, money, or other property belonging to you has been garnished in order to pay a court judgment against you. HOWEVER, YOU MAY BE ABLE TO KEEP YOUR MONEY OR PROPERTY FROM BEING TAKEN, SO READ THIS NOTICE CAREFULLY.

Under the Consumer Credit Protection Act, the maximum amount allowed to be garnished from disposable earning income may NOT exceed 25%. Therefore, in order for wages to be garnished, you must make 30% of minimum wage for a 40-hour week. Following is a chart which indicates the disposable income which may be garnished.

By the time the collection process has reached the point of garnishment, most creditors are unwilling to work out any kind of payment plan. The only effective way to legally stop this collection process is by exercising your right under federal law to file either Chapter 7 or Chapter 13 bankruptcy.