Comments on: Restrictions on Wage Garnishment for Debt Collection http://debtprison.net/wordpress/246/restrictions-on-wage-garnishment-for-debt-collection/ Financial Opinion Wed, 08 Feb 2012 06:39:58 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: laloquera http://debtprison.net/wordpress/246/restrictions-on-wage-garnishment-for-debt-collection/comment-page-1/#comment-13467 laloquera Tue, 10 Jan 2012 05:52:15 +0000 http://debtprison.net/wordpress/?p=246#comment-13467 Hi, here's my case...I owe close to 18 grand in credit card debt...I have no job or career skills and have currently been unemployed for about 6 months...besides that, I have nothing on the horizon, have applied for various jobs and have undergone various interviews without any success whatsoever...since the first bill I have been giving the minimum payments towards all my creditcards every month without delay for several years...however, over that period of time the initial interest rate has been jacked up to nearly twice the amount...nevertheless, I have continued to use the credit cards one at a time to make daily purchases such as gasoline for my car and meals and ocassionally clothing or home appliances while I continue to give the monthly minimum payments in hopes of soon finding a job and try to stabilize my financial situation...unfortunately, my bank account is almost empty and I have not been able to find a job to replenish it, nore does it seem that I will find one soon from the looks of it...I am currently assisted with shelter and partial nourishment by my mother who is also struggling to make ends meet while I attempt to find a job...I only have 2 assets at the moment which I'd like to know if they could be confiscated if I were to file for bancruptcy...I own a car worth under 2 grand which I bought and registered in another state and which is my only means of transportation...I am also the partial owner of my mother's house which is under mine and 3 other siblings' names...is there a posibility that the collections agencies or the sheriff can can pursue these assets if I can't continue paying due to the innability to find work? Hi, here’s my case…I owe close to 18 grand in credit card debt…I have no job or career skills and have currently been unemployed for about 6 months…besides that, I have nothing on the horizon, have applied for various jobs and have undergone various interviews without any success whatsoever…since the first bill I have been giving the minimum payments towards all my creditcards every month without delay for several years…however, over that period of time the initial interest rate has been jacked up to nearly twice the amount…nevertheless, I have continued to use the credit cards one at a time to make daily purchases such as gasoline for my car and meals and ocassionally clothing or home appliances while I continue to give the monthly minimum payments in hopes of soon finding a job and try to stabilize my financial situation…unfortunately, my bank account is almost empty and I have not been able to find a job to replenish it, nore does it seem that I will find one soon from the looks of it…I am currently assisted with shelter and partial nourishment by my mother who is also struggling to make ends meet while I attempt to find a job…I only have 2 assets at the moment which I’d like to know if they could be confiscated if I were to file for bancruptcy…I own a car worth under 2 grand which I bought and registered in another state and which is my only means of transportation…I am also the partial owner of my mother’s house which is under mine and 3 other siblings’ names…is there a posibility that the collections agencies or the sheriff can can pursue these assets if I can’t continue paying due to the innability to find work?

]]> By: Y.CHAN http://debtprison.net/wordpress/246/restrictions-on-wage-garnishment-for-debt-collection/comment-page-1/#comment-13369 Y.CHAN Sun, 20 Nov 2011 19:25:08 +0000 http://debtprison.net/wordpress/?p=246#comment-13369 I see a letter putting on top of the public mail box 1 week ago and have no specific apt. number on it, the collecting agency sent me that letter and bill for over $118,000. After Bank of America foreclosure my condo 2 years ago when i failed to pay the monthly payment and I had gone back to H.K. to live for 2 years.( I just returned United states 1 year ago as my wife's father passed away.) I have a line of credit with the same bank, as I remember the 2 loans altogether should be under $160,000. and the market value of the condo at that time is about $190,000 I don't want to bother and I don't want to respond to that letter because I don't remember exactly how much I owe. I have no money and no assets, I and my wife had no job, I am taking only $701 disability benefits monthly, that is for me and my wife to spend. (she is taking care of me and also had no job, she is 58 and is sick right now,and I am 64 years old and is retired. ), right now I am living at Oakland low income senior housing. Can I just ignore the letter? Please give me advice. Thank you very much for your attention. I see a letter putting on top of the public mail box 1 week ago and have no specific apt. number on it, the collecting agency sent me that letter and bill for over $118,000. After Bank of America foreclosure my condo 2 years ago when i failed to pay the monthly payment and I had gone back to H.K. to live for 2 years.( I just returned United states 1 year ago as my wife’s father passed away.) I have a line of credit with the same bank, as I remember the 2 loans altogether should be under $160,000. and the market value of the condo at that time is about $190,000 I don’t want to bother and I don’t want to respond to that letter because I don’t remember exactly how much I owe. I have no money and no assets, I and my wife had no job, I am taking only $701 disability benefits monthly, that is for me and my wife to spend. (she is taking care of me and also had no job, she is 58 and is sick right now,and I am 64 years old and is retired. ), right now I am living at Oakland low income senior housing.
Can I just ignore the letter? Please give me advice. Thank you very much for your attention.

]]> By: AWG Manager http://debtprison.net/wordpress/246/restrictions-on-wage-garnishment-for-debt-collection/comment-page-1/#comment-13365 AWG Manager Fri, 18 Nov 2011 20:55:40 +0000 http://debtprison.net/wordpress/?p=246#comment-13365 To Chuckeroo, Just wanted to let you know that under the Debt Collections Improvement Act of 1996 the Federal goverment is allowed to garnish up to 25% of a any type of federal monies, including, SSI, SSD, Fed. Pensions, VA..etc. If you recieve money from the govement is is garnishable so long as you are left with at least $750 (per month). As for state laws such as hospital bills the collections agency was right as you live in what is called a "DEBTOR STATE" and the they cant touch her SSI they can though get a default judgment and seize your bank account and it would be your problem to get it back from them (i.e. you have to hire your own atty). Hope this helps answer your questions on what can and can not be taken. Administratve Wage Garnishment Manager =) To Chuckeroo,

Just wanted to let you know that under the Debt Collections Improvement Act of 1996 the Federal goverment is allowed to garnish up to 25% of a any type of federal monies, including, SSI, SSD, Fed. Pensions, VA..etc. If you recieve money from the govement is is garnishable so long as you are left with at least $750 (per month). As for state laws such as hospital bills the collections agency was right as you live in what is called a “DEBTOR STATE” and the they cant touch her SSI they can though get a default judgment and seize your bank account and it would be your problem to get it back from them (i.e. you have to hire your own atty). Hope this helps answer your questions on what can and can not be taken.

Administratve Wage Garnishment Manager =)

]]>