Legal Question in Credit and Debt Law in Indiana

Garnishment of Wages

Can the wages of a debtor be garnished when the creditor has a lien on an asset and has collected it as payment for the debt? In this case, a vehicle for which the debtor owes ~25$K and is unable to pay. When he surrenders the car for repossession, can the bank still garnish his wages after having collected the collateral?


Asked on 10/08/08, 6:08 pm

1 Answer from Attorneys
Samuel Hasler Samuel Hasler

Re: Garnishment of Wages

Yes, unless the debt was paid off when the car was sold after repossession.

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Answered on 10/09/08, 6:36 am


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