Colorado Objection To Calculation of Amount Of Exempt Earnings is a legal document that can be submitted to the Colorado Department of Revenue in order to dispute a calculation of the amount of exempt earnings in a particular case. The document can be used to contest the amount of exempt earnings calculated by the Department of Revenue and to make a claim for a higher amount. Generally, this document is used when the taxpayer believes that the Department of Revenue has miscalculated the amount of exempt earnings due to them. The two types of Colorado Objection To Calculation of Amount Of Exempt Earnings are: 1. Objection to Exempt Earnings Based on Error: This type of objection is used when the taxpayer believes that the Department of Revenue has made an error in calculating the exempt earnings due to them. 2. Objection to Exempt Earnings Based on Discretion: This type of objection is used when the taxpayer believes that the Department of Revenue has used its discretion to calculate the amount of exempt earnings due to them, and that the Department of Revenue's decision was not reasonable or appropriate based on the facts of the case.
Colorado Objection To Calculation of Amount Of Exempt Earnings
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FAQ
The money will be given to Creditor. This process will continue for 6 months unless your debt is paid off before that.
Under current law, the amount of an individual's disposable earnings subject to garnishment is either 25% of the individual's disposable weekly earnings or the amount by which an individual's disposable earnings for a week exceed 30 times the state or federal minimum wage, whichever is less.
Further, in Colorado, a debtor can only be subject to one garnishment at a time.
The garnishment amount is limited to 25% of your disposable earnings for that week (what's left after mandatory deductions) or the amount by which your disposable earnings for that week exceed 30 times the federal minimum hourly wage, whichever is less.
There can be only one Writ of Garnishment in effect at one time and, generally, whichever Writ was served first has priority. The exception is Writs of Garnishment for Support (if the judgment debtor owes back child support or maintenance/alimony).
This Writ with Notice is a Court order which may cause your property or money to be held and taken to pay a judgment entered against you. You have legal rights which may prevent all or part of your money or property from being taken. That part of the money or property which may not be taken is called ?exempt property?.
Under Colorado law, garnishing an employee's wages for debt from a consumer credit transaction is expressly prohibited unless judgment has been entered by a court.
You may garnish the losing party's personal property or any general debts owed to the losing party, such as wages or rent. You may garnish the losing party's bank account.