I am asking because someone told me it was 50% in their state which sounds like a large percentage.
2006-11-15 10:06:35 · 3 answers · asked by Anonymous in Business & Finance ➔ Credit
Garnishment may not exceed 10% of gross salary. Monies may not be withheld if disposable weekly earnings are less than $154.50 per week or $309.00.00 every 2 weeks
2006-11-15 11:03:09 · answer #1 · answered by Anonymous · 0⤊ 0⤋
In New Jersey, garnishment cannot exceed 10% of your gross income. If you make less than $154.50 every week or $309 every two weeks, they cannot withhold any money.
Each state is different. Some states don't allow garnishment for certain debts and others take a big chunk.
Now if you're talking federal loans or child support, that's a different story.
2006-11-15 19:04:16 · answer #2 · answered by Celeste 6 · 0⤊ 0⤋
The limit is 25% of your income. You are allowed to have 75% of your take home pay. Even if you have multiple garnishments, they can only total 25%.
2006-11-15 22:15:35 · answer #3 · answered by Mariposa 7 · 0⤊ 0⤋