What Is A Voluntary Wage Assignment?
A voluntary wage assignment is a written contract in which a debtor agrees that a certain amount will be deducted from their paycheck to pay the creditor. Because it is voluntary, it is different from a garnishment. Since an employer's accounting department must make the deduction and send it to the creditor. Some employers refuse to handle voluntary wage assignments because it complicates their payroll procedure. If acceptable by the employer, the voluntary wage assignment is better than a garnishment. In the eyes of the employer, the debtor is taking the responsibility of arranging to meet their obligations, rather than being forced to pay their debts. Some employers find reasons to suspend or fire employees if their wages are garnished.
Other Kansas Collections-Creditors Rights FAQs
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Q:
Can A Creditor Sue?
A: Even though creditors may get judgments, they may not be able to collect. If the debtor doesn't own a home, are unemployed, don't have money in the bank, and other …
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Q:
What Is A Judgment?
A: We all have seen trials on television. When the trial is over the lawsuit is over because that is the end of the show. Wrong! That is only intermission. After the …
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Q:
Once A Judgment Is Obtained, How Can It Be Collected?
A: Depending on the debtor's resources and applicable law, the following options are available: wage garnishment, nonexempt asset seizure and/or execution against …
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Q:
How Do I Garnish Wages?
A: An order of garnishment may be obtained from the clerk of the court. The order is served upon the employer (called a garnishee) of the debtor, who then has a period of …
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