Debts can destroy dreams as easily as they take away vital assets from people and families. Ohioans have had more than their share of experience with debt, as the loss of industry and the worldwide recession hit the state's middle class hard.
Millions of workers in Ohio and around the country face anxiety when their pay stub arrives. Taxes, insurance costs and other withholdings can make a salary seem paltry. But nothing compares to looking at a stub and finding up to a quarter of one's take-home pay gone.
Wage garnishment is illegal unless it is supported by a court order. Creditors can apply for a court order if they have gone through a significant number of attempts to recover a debt and can find no other alternative. Ohio state law limits garnishment to 25 percent of a person's disposable earnings in most cases as well.
Anyone facing debt is dealing with a serious challenge. There are many ways into financial problems, but there are fortunately also many ways out. The right attorney can help clients consolidate debt, declare bankruptcy or find another way towards financial health.
Wage garnishments are reductions in income that can damage credit and make life seem unaffordable. Fortunately, it is rare that creditors feel they must resort to garnishing wages, and there are several ways out of it.
Debt is a difficult thing to deal with, as it takes financial control out of the hands of people who owe. With fewer and fewer options to recover from bad fortune, poor spending habits or a grave financial event in life, many debtors feel that bankruptcy is their only option.
Excessive debt always feels like something that happens to other people until it happens to you. It is hard to know how to respond when the government is helping your creditors take your wages, especially if you are still trying to return to financial health.
Debt is a normal part of realizing our dreams, from education to home ownership. When we lose control of our debt, however, it can be begin to control us. Creditors have many ways of demanding payment and altering our lifestyles to unbearable degrees.
Wage garnishments are one of the most frustrating ways to lose money. You never even see it. The money is just pulled from your paycheck, whether you like it or not.
Wage garnishment is a way for those who are owed money to collect it from you after the debt becomes delinquent, without having to rely on you to pay it. Instead, the money is taken from your paycheck straight from your employer.