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What does being a garnishee mean?

Wage Garnishment Terms The garnishee is the person holding the property (money) of the debtor. An employer may be a garnishee because the employer holds wages to be paid to an employee (who is a debtor).

What does garnishee mean?

Definition of garnishee (Entry 1 of 2) : a person who is served with a legal process of garnishment. garnishee. verb. garnisheed; garnisheeing.

How do you beat a garnishment in Virginia?

Under Virginia law, there are only a few ways to stop a garnishment. You could make a lump-sum payment to pay off the judgment or allow the garnishment to continue until the judgment is fully paid. Though this can cause you to fall behind on other debts. In this case, bankruptcy may be your best solution.

What type of bank accounts Cannot be garnished?

In many states, some IRS-designated trust accounts may be exempt from creditor garnishment. This includes individual retirement accounts (IRAs), pension accounts and annuity accounts. Assets (including bank accounts) held in whats known as an irrevocable living trust cannot be accessed by creditors.

How are garnishments calculated in Virginia?

, the maximum amount that can be withheld for garnishment shall be either 25% of the weekly disposable earnings or the amount by which the weekly disposable earnings exceed 40 times the F.M.W.R.

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