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Garnishment is a proceeding by a creditor (a person or entity to whom money is owed) to collect a debt by taking the property or assets of a debtor (a person who owes money). Wage garnishment is a court procedure where a court orders a debtor's employer to hold the debtor's earnings in order to pay a creditor.
The Order dissolves the existing writ of garnishment. It means that whatever was being garnished, wages or bank accounts, are no longer subject to the writ of garnishment.
What you can do about wage garnishment.You have to be legally notified of the garnishment. You can file a dispute if the notice has inaccurate information or you believe you don't owe the debt. Some forms of income, such as Social Security and veterans benefits, are exempt from garnishment as income.
The easiest and most direct way to end a wage garnishment is to enter into a payment agreement with the creditor, where you agree to make payments and they agree to stop the garnishment. That option, however, may not be available if you are unable to pay the monthly payment that the creditor is requesting.
The state of Texas has a statute of limitations of four years for consumer debt, which means most sole proprietors shouldn't see bank account garnishment beyond that for the personal debt.
In most states, employers answer a writ of garnishment by filling out the paperwork attached to the judgment and returning it to the creditor or the creditor's attorney.
Wage garnishment is a legal procedure in which a person's earnings are required by court order to be withheld by an employer for the payment of a debt such as child support.
When a creditor obtains a writ of garnishment, the employer is the garnishee and the creditor is the garnishor.In most states, employers answer a writ of garnishment by filling out the paperwork attached to the judgment and returning it to the creditor or the creditor's attorney.
If you are served with a garnishment summons, do not ignore these documents because they do not directly involve a debt that you owe. Instead, you should immediately freeze any payments to the debtor, retain the necessary property, and provide the required written disclosure.