Fact Sheet #30: The Federal Wage Garnishment Law, Credit Rating Protection Act’s Title III (CCPA)

Fact Sheet #30: The Federal Wage Garnishment Law, Credit Rating Protection Act’s Title III (CCPA)

This particular fact sheet provides general information concerning the CCPA’s limitations in the quantity that companies may withhold from a person’s profits in response up to a garnishment purchase, while the CCPA’s defense against termination as a result of garnishment for almost any debt that is single.

Wage Garnishments

A wage garnishment is any appropriate or procedure that is equitable which some percentage of a person’s earnings is needed to be withheld for the payment of a financial obligation. Many garnishments are available by court purchase. Other styles of appropriate or equitable procedures for garnishment include IRS or state taxation collection agency levies for unpaid fees and federal agency administrative garnishments for non-tax debts owed towards the government that is federal.

Wage garnishments don’t add voluntary wage assignments—that is, circumstances for which employees voluntarily concur that their companies may start some specified amount of the profits up to a creditor or creditors.

Title III regarding the CCPA’s Limitations on Wage Garnishments

Title III regarding the CCPA (Title III) limits the quantity of an individual’s earnings that can be garnished and protects a worker from being fired if pay is garnished just for one financial obligation. Continue reading “Fact Sheet #30: The Federal Wage Garnishment Law, Credit Rating Protection Act’s Title III (CCPA)”