Legal Question in Civil Litigation in Indiana
How much can a persons income be garnished if they make 5400.00 monthly and the judgement is 7.5 million
Asked on 1/12/14, 11:32 am
1 Answer from Attorneys
Burton Padove
Indiana and Illinois Lawyer, Burton A. Padove
The entire judgment may be collectable. In Indiana, wage garnishment is allowed under Indiana Code Title 34, Article 25, Chapter 3: Garnishment, and IC 24-4.5-5-105, and federal law 15 U.S.C. 1673(a). If the judgment-creditor is aware of the debtor�s place of employment, it may seek wage garnishment. The garnishment applies to 25% of the debtor�s net take home pay, (i.e., gross pay less Statutory required deductions, such as income tax, social security etc.)
Answered on 1/12/14, 12:43 pm