Mark Required Fields In Legal Arkansas Garnishment Forms For Free

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.

Limits on Wage Garnishment in Arkansas If your disposable earnings are more than 30 times the federal minimum wage, your creditor can only take that amount over minimum wage or 25% of your disposable earnings, whichever is less.

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.

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).

If the consumer creditor ? also called the judgment creditor ? successfully gets a court judgment against you, it may then request a writ of garnishment from the court. Your employer ? also known as the garnishee ? will then be served with the garnishment order.

Federal law limits wage garnishments to 25% of your disposable income (15% for federal student loans) or the amount exceeding 30 times the federal minimum wage, whichever is less.