Wage garnishments and collections
in Law ·
Hi there... I had a quick question I wanted to run by you...
So, here's the situation. A colleague of mine has parents who are dealing with some loans... the bank has already placed a garnishment on their accounts, so they're left with just the bare minimum from their paycheck to get by—I'm not entirely sure of the exact percentage the bank is withholding, but I suspect it's somewhere around 30%.
Essentially, the bank initiated the garnishment because they defaulted on their loan payments.
Then, about two or three months ago, they received a notice from the bank stating they need to pay somewhere around $13, or potentially even more, and if they don't settle the amount, the bank intends to move forward with forced collection. As far as I understand, isn't forced collection basically the same thing as a garnishment? Or am I perhaps mistaken about how that works?
My main confusion is this: if the bank has already garnished their accounts, I guess I don't quite see how they can initiate another garnishment on top of that.
So, here's the situation. A colleague of mine has parents who are dealing with some loans... the bank has already placed a garnishment on their accounts, so they're left with just the bare minimum from their paycheck to get by—I'm not entirely sure of the exact percentage the bank is withholding, but I suspect it's somewhere around 30%.
Essentially, the bank initiated the garnishment because they defaulted on their loan payments.
Then, about two or three months ago, they received a notice from the bank stating they need to pay somewhere around $13, or potentially even more, and if they don't settle the amount, the bank intends to move forward with forced collection. As far as I understand, isn't forced collection basically the same thing as a garnishment? Or am I perhaps mistaken about how that works?
My main confusion is this: if the bank has already garnished their accounts, I guess I don't quite see how they can initiate another garnishment on top of that.