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Can I be garnished if I am self-employed?

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lopez
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Subject: Can I be garnished if I am self-employed?

Thu Jul 02, 2009 6:02 am

I defaulted on some student loans few years back. I have received a notice from the CA that if I don't pay within 10 days they will file a law suit against me. I am self-employed and do not have a fixed salary. My question is that how can they garnish if I do not receive pay checks every month.

Thanks for any info

rachael

Joined: 11 May 2009
rachael's page
Posts: 244

6581 Magic Points

Thu Jul 02, 2009 6:34 am

Hi lopez,

Garnishment laws vary from state to state. But if you are self-employed, the collection agency can get a court order to garnish your bank account. They may also place a lien on your home or property. When you want to sell your property, which has a lien attached to it, you will have to pay off the judgment in full.
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ryan897
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Subject: Garnishment

Thu Jul 02, 2009 6:39 am

Hi lopez,

In order to avoid garnishment, you can work out a deal with the collection agency. You can request the CA to settle the debts. I think the CA will agree, if you offer a settlement amount that you can pay at once.

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