An assignment of wages is the transfer of the right to collect wages from the wage earner to a creditor. The assignment of wages is usually effectuated by deducting from an employee's earnings the amount necessary to pay off a debt.
An assignment of wages should be contained in a separate written instrument, signed by the person who has earned or will earn the wages or salary. The assignment should include statements identifying the transaction to which the assignment relates, the personal status of the assignor, and a recital, where appropriate, that no other assignment or order exists in connection with the same transaction.
Many jurisdictions have enacted statutory provisions concerning wage assignments that prescribe various requisites of or conditions to the validity of assignments of wages. Compliance with these statutes is essential to make such assignments effective.
The Pennsylvania Assignment of Wages Due or to Become Due is a legal document that allows an individual, known as the assignor, to transfer or assign their wages or salary to another party, known as the assignee. This assignment grants the assignee the right to receive the assignor's wages directly from their employer, until the assigned debt or obligation is satisfied. This type of assignment can be used in various situations, such as repaying a loan, fulfilling a debt, or satisfying a legal judgment. By signing an Assignment of Wages Due or to Become Due, the assignor ensures that the assignee will receive a predetermined portion of their salary or wages until the assigned amount is fully paid. In Pennsylvania, there are different types of Assignment of Wages Due or to Become Due that can be utilized based on specific circumstances and requirements: 1. Voluntary Assignment: This is the most common type of assignment, where an employee voluntarily transfers a portion of their current or future wages to repay a debt. The assignor and assignee mutually agree on the amount to be assigned and the terms of repayment. 2. Court-Ordered Assignment: In certain legal situations, a court may order an assignment of wages to satisfy a judgment or legal obligation. This typically occurs when an individual fails to pay child support, spousal support, or other court-ordered financial commitments. The court specifies the amount and duration of the assignment. 3. Wage Assignment for Consumer Debts: Pennsylvania law allows creditors to obtain a wage assignment for consumer debts. To be valid, this type of assignment must be in writing, signed by the employee, and clearly state the amount of the assignment. Legal restrictions apply, such as limiting the amount that can be assigned and preventing termination or retaliation against the employee due to the assignment. It is essential to note that the Pennsylvania Assignment of Wages Due or to Become Due must adhere to specific guidelines outlined by state laws. Both the assignor and assignee should consult with legal professionals to ensure that the assignment is legally enforceable, compliant with relevant regulations, and effectively protects the rights and interests of all involved parties.The Pennsylvania Assignment of Wages Due or to Become Due is a legal document that allows an individual, known as the assignor, to transfer or assign their wages or salary to another party, known as the assignee. This assignment grants the assignee the right to receive the assignor's wages directly from their employer, until the assigned debt or obligation is satisfied. This type of assignment can be used in various situations, such as repaying a loan, fulfilling a debt, or satisfying a legal judgment. By signing an Assignment of Wages Due or to Become Due, the assignor ensures that the assignee will receive a predetermined portion of their salary or wages until the assigned amount is fully paid. In Pennsylvania, there are different types of Assignment of Wages Due or to Become Due that can be utilized based on specific circumstances and requirements: 1. Voluntary Assignment: This is the most common type of assignment, where an employee voluntarily transfers a portion of their current or future wages to repay a debt. The assignor and assignee mutually agree on the amount to be assigned and the terms of repayment. 2. Court-Ordered Assignment: In certain legal situations, a court may order an assignment of wages to satisfy a judgment or legal obligation. This typically occurs when an individual fails to pay child support, spousal support, or other court-ordered financial commitments. The court specifies the amount and duration of the assignment. 3. Wage Assignment for Consumer Debts: Pennsylvania law allows creditors to obtain a wage assignment for consumer debts. To be valid, this type of assignment must be in writing, signed by the employee, and clearly state the amount of the assignment. Legal restrictions apply, such as limiting the amount that can be assigned and preventing termination or retaliation against the employee due to the assignment. It is essential to note that the Pennsylvania Assignment of Wages Due or to Become Due must adhere to specific guidelines outlined by state laws. Both the assignor and assignee should consult with legal professionals to ensure that the assignment is legally enforceable, compliant with relevant regulations, and effectively protects the rights and interests of all involved parties.
Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés. For your convenience, the complete English version of this form is attached below the Spanish version.
