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For Judgment, how often money is taking out of account?

Date: Thu, 12/14/2006 - 23:52

Submitted by anonymous
on Thu, 12/14/2006 - 23:52

Posts: 202330 Credits: [Donate]

Total Replies: 4


In Florida, how often can a creditor take money out of your bank account for a judgment?


Hi bright122001, welcome to the boards, we will be glad to help howvere we can. I would suspect and someone correct me if I am wrong that the garnishment should be outlined pretty clearly in your judgement, how much and when they will take money out of your account. good luck and keep posting


lrhall41

Submitted by PDLFREE on Fri, 12/15/2006 - 05:42

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Bright, A judgement has to be court ordered. Is this a company that is threatning judgement? Give us a little more info. KYSIDE38


lrhall41

Submitted by KYSIDE38 on Fri, 12/15/2006 - 06:27

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It doesn't usually say in the court judgment. In my case and I live in WA State, the judgment is good for 60 days. At which time, the law firm has to file another judgment which is good for 60 days. They keep doing this until the debt is satisified. My employer holds the money until the garnishment expires and then sends the money to the CA/law firm. You can negotiate with the CA. I have been in contact with the one that is garnishing my wages right now and they have been very easy to work with. The guy told me that when this garnishment expires, he'll contact me so that we can arrange an alternate payment plan. But each state is different. This is my specific situation and yours may be different. But my point is call the law firm handling the garnishment, they may be open to working with you.


lrhall41

Submitted by outlaw8117 on Fri, 12/15/2006 - 09:52

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Federally, a garnishment can't last any longer than 90 days. For consumer debts you can't be garnished more than 25% of your wages after taxes and voluntary deductions. There can be more than one judgement held against you at once, but only one garnishment at a time can be allowed. Usually, but not always, a creditor will agree to payment arrangements if there is still money left on the judgement after it expires. Any questions on garnishment feel free to pm me...


lrhall41

Submitted by finsfan13 on Fri, 12/15/2006 - 17:29

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