Wage garnishment is a legal procedure in which a creditor can withhold a portion of your paycheck in order to repay a debt you owe. It may be court-ordered or voluntary and is one of the most common methods used by creditors to enforce judgments. Usually the creditor is allowed to contact the debtor’s employer to collect a portion of the debt.
Usually creditors are unable to touch social security benefits, pensions, 401 (k)s and other retirement funds to repay consumer debt under federal law. It is usually only allowed as a means to collect child support.
According to Missouri law, a creditor can take up to 25 percent of a personâ€™s income, or 10 percent if they are head of household. An employer may not terminate an employeeâ€™s job based solely on wage garnishment.
If your wages are being garnished and you need aÂ MissouriÂ collections attorney or you need to collect a debt and need a Missouri collections lawyer, contact the law offices of Kathryn J. Synor, LLC today.Â