Are there wage garnishment laws in New Jersey?

New Jersey Wage Garnishment Laws. New Jersey wage garnishment (wage execution) laws limit the amount that creditors can garnish from your earnings. New Jersey law limits the amount that a creditor can garnish (take) from your wages for repayment of debts.

What’s the maximum amount you can get garnished for?

Garnishment Exemptions. The current federal guidelines are 25% of disposable income or the total amount by which a person’s weekly wage is greater than thirty times the federal hourly minimum wage. Some states and territories have established maximum garnishment thresholds that are less than the maximum under federal guidelines.

When does the wage garnishment of a judgment end?

Generally, the wage garnishment continues until one of three things happen: (1) the debtor pays the debt, (2) the creditor and debtor make other arrangements or (3) the judgment expires. Thus, garnishment is a means of collection of monetary judgments.

How much can a creditor take in New Jersey?

Your gross wages are $20,800 per year; thus, you earn less than 250% of the poverty level and under New Jersey law, your creditor can only take up to 10% of your gross income, or $40. Under federal law, your creditor can take up to 25% of your disposable earnings, or $75.

Can a creditor get a wage garnishment order?

Most creditors cannot get a wage garnishment order until they have first obtained a court judgment stating that you owe the creditor money. For example, if you are behind on credit card payments or owe a doctor’s bill, those creditors cannot garnish your wages (unless they sue you and get a judgment).