Skip to main content
index page

Shazzers

Submitted by on Wed, 08/27/2008 - 17:13
Posts: 202330
Credits:
[Donate]

Is there a difference between a wage assignment and a wage attachment? Thanks Debbie


Definition of wage assignment
The voluntary transfer in advance of a debtor's pay, generally in connection with a particular debt or judg- ment.

A debtor may negotiate with a creditor a wage assignment plan in which a portion of the debtor's paycheck is transferred to the creditor by the employer. This voluntary agreement is in contrast to garnishment, in which a creditor obtains an order from the court to collect part of a debtor's wages from the employer. Both wage assignments and garnishment are governed by statutes in most states.

Definition of garnishment
A legal proceeding whereby money or property due a debtor but in the possession of another is applied to the payment of the debt owed to the plaintiff.
A court order directing a third party who holds money or property belonging to a defendant to withhold it and appear in court to answer inquiries.

I got the answers from Answers.com. It seem one is voluntary and the other is court ordered.


Submitted by bdouble on Wed, 08/27/2008 - 17:30

bdouble

( Posts: 354 | Credits: )


It seems that attachments are voluntary and garnishments are done through a court order. I think there is a difference between the two. You will need to contact an attorney to make sure your know the true difference between the two. I don't think the two should be confused as on and the same.
Also some states have limitation to what can be garnished or assigned. I would think an attorney in your state would be able to answer the question.


Submitted by bdouble on Thu, 08/28/2008 - 21:12

bdouble

( Posts: 354 | Credits: )