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I file bankruptcy cases in both Missouri and Illinois. While there are some similarities, a few things are different. One thing is the regulations concerning wage garnishment. First of all, in Illinois it isn't called wage garnishment, but a wage deduction.
Next, the rates that creditors can take from your wages are different in Missouri and Illinois.
· In Illinois, the standard wage deduction is 15% of your wages
· Missouri's standard wage garnishment is 25%.
· If you are the head of the household in Illinois, the rate remains the same, but in Missouri it goes down to 10%
· If your wages are being garnished for child support, they can take up to 65% in Missouri.
Though it is illegal for your employer to fire you in Missouri or Illinois for having your wages garnished or deducted by creditors, it is important to keep in mind that your employer will be made aware of your financial situation. Luckily, there is a way you can get rid of a garnishment and move out from under crushing amounts of debt.
Bankruptcy stops a creditor from garnishing your wages, or taking any more action against you, for that matter. By filing a bankruptcy case, you can say goodbye to garnishments, repossessions, foreclosures, and those harassing creditors calls. Contact a great bankruptcy lawyer in your area to learn more about how bankruptcy can be the most responsible move you can make!