Wage Garnishment-How Much Can Be Garnished?

Wage garnishments can be very painful.  They greatly reduce your ability to continue to provide the necessities of life for you and your family.  They are a legal remedy your creditor obtains from the court to ensure they are paid the money you owe them.

In Ohio you typically will receive a notice of wage garnishment.  The wage garnishment will take 25% of your paycheck after taxes have been deducted.  This is a significant amount.  It will put a major strain on your household budget.  It will most likely cause you to fall behind on your car payment, your rent or house payment, or your utility bills.  It may also cause you to not be able to provide the necessities for your family such as food, clothing, and medical needs.

Below is an example of how a wage garnishment will reduce your available monthly income for a person earning $30,000 per year:

.                                                        Before                         After

Monthly Gross Income           $2500                          $2500

Required Taxes                          $500                            $500

Garnishment                                N/A                             $500

Insurance                                    $250                            $250

Available Income                    $1750                          $1250

As you can see, the garnishment for the example above reduced the available monthly income by $500 per month.  If your budget is already tight, that means you will not be able to maintain your household necessities.  You are going to begin to miss payments on your car, rent/mortgage, or utilities.  Your family is going to suffer.  Please contact a local bankruptcy attorney to find out how you can stop a wage garnishment.