If a creditor has sued you for nonpayment on a debt and won the case, a wage garnishment can be created against you. Wage garnishments are the legal procedure where a portion of your paycheck is withheld by an employer and then given directly to the creditor. Wage garnishments are continued until the full amount of debt is paid off. These garnishments are orders by the court or other government agencies. Continue reading
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Statute of Limitations on Debt Collection in Indiana
Debts have a form of expiration dates called statute of limitations. Statute of limitations is the amount of time a debt collector can legally obtain a judgment against you for a debt. Expired statute of limitations prevents debt collectors from pursuing a debt indefinitely. Before you begin paying off an old debt, confirm that your statute of limitations has not expired. Each state varies in time periods for various categories of debts. This article will inform you more on statute of limitations, specifically in the state of Indiana. Continue reading
Statute of Limitations on Debt in Nevada
It can easily seem like you are in a never-ending cycle when you are in debt. It gets extremely difficult when everyday expenses and bills prevent you from paying off your debt. The penalties for not being able to make payments are frightening, and creditors always seem to be insistent. However, do not feel like you are powerless when you are in the burden of lingering debt. You may be legally protected by the statute of limitations, and this article will be specific to residents of Nevada. Continue reading
Wage Garnishment Limits in Michigan
Michigan has no state provisions for limiting garnishment. Therefore the federal limit of 25% of net wages applies. No judgment is required for back taxes, court ordered child support and arrears, as well as for student loans in default. Continue reading
Statute of Limitations on Debt in Wisconsin
A judgment is a court order to pay a certain amount of money to a lender who has filed a lawsuit against the borrower. Creditor, lenders, debt collectors, or other third-party debt collects can file such lawsuits and if they win the case, a judgment is made against the borrower. Unfortunately, the judgment goes on credit reports and staying on record for ten years from the date the lawsuit was filed. Maintaining a good credit report is necessary in our world, and it is vital borrowers acknowledge and understand their Statute of Limitations of debt in their state when borrowing money from another party. Continue reading
Recovering from Bankruptcy Involves an Uphill Battle to Rebuild Credit
When credit card bills, medical bills, or other expenses start to pile up, filing for bankruptcy can be your last resort. Unfortunately, this will stay on your credit report for ten years, but it is necessary to start taking these steps now to slowly but surely recover from bankruptcy and on your way to better credit. Continue reading
Legal Costs of DWI Defense are Staggering
Driving while impaired, or commonly known as a DWI, is the act of driving a motor vehicle with a blood level of alcohol exceeding the legal limit. Measure of the driver’s Blood Alcohol Content, or BAC, is used to see if it exceeds the threshold that defines the offense. In many states, the Blood Alcohol Content legal limit is 0.10%. However, there are states who have adopted a lower limit of 0.08%. If the driver is cited for driving at or above this BAC limit, the individual will get into a lot of legal and financial trouble. The effects of a DWI are very stressful and costly, and can be avoided simply by taking a cab or getting a ride. If you are charged with a DWI, it is important to understand the legal costs to be defended. Continue reading
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