Walk It Through: The Judgment
Ten percent of income at most, $2,500 of direct deposited benefits in the bank, and a $4,000 car.
A card company wins a judgment against a cook and moves to garnish the cook's pay.
Two things a person in this spot might do. Picking one shows what the law says about it.
One judgment and one cook. The homestead, retirement accounts in detail, and the steps to claim exemptions are not worked through here.
A practice walkthrough, not a prediction of how any real one will go. Legal information, not legal advice.
Words this turns on
Terms with a legal meaning that is narrower than the everyday one. Each links to the definition and the authority behind it.
- Income executionAn order taking part of a debtor's income, no more than ten percent, and nothing for a week in which disposable earnings are not more than thirty times the minimum hourly wage.
- Security depositA deposit or advance on a dwelling, which may not exceed one month's rent. Within fourteen days after the tenant moves out, the landlord gives an itemized statement of anything kept and returns the rest.