Use a Wage Garnishment Worksheet to prepare your Garnishment Letter. An example of a wage garnishment worksheet is here. It helps you understand the basics of wage garnishment and lets you know how to write your garnishment letter effectively.
Garnishment is a legal process that can be applied to anyone who owes money to a creditor. In order to get a garnishment, the debtor must prove that he or she is not able to pay the amount that the creditor has demanded. The amount can range from a few hundred dollars to a few thousand dollars. If the amount is less than the amount owed, a temporary restraining order will be issued that freezes any assets that the debtor may have. If the garnishment amount is more than the debt, the creditor may have to take legal action to garnish the debtor’s wages and bank accounts.
When a garnishment is applied, it means that you have to pay the amount for the time in which the statute of limitations has expired. A garnishment worksheet lets you know how much time is left. If you do not pay the amount due within the time limit, the lender can pursue legal action.
An example of a wage garnishment worksheet is here. It gives you a good idea about what information you need to provide when preparing your garnishment letter. A garnishment worksheet can also be used as a reminder or study guide. It helps you to familiarize yourself with the process of garnishment and how to write your garnishment letter effectively.
First, you have to inform the creditor about the intent to garnish your wages. You should indicate the amount that you intend to garnish and the date or dates that you will be required to begin the garnishment process. You have to tell the creditor the exact sum that you owe and that you will only pay that amount if you are ordered to do so. The most important thing you need to tell the creditor is that you will not be able to make the payment if you do not receive a court order.
Second, you need to tell the creditor that you do not intend to pursue legal action. You may not want to proceed with the court action if you don’t feel it is necessary. You also need to tell the creditor that if the court orders you to pay the entire amount, you will make a payment arrangement with the court. You also need to tell the creditor that if the court does not award you the full amount you owe, you are willing to accept a lesser amount that you can still afford. Tell the creditor that you are willing to repay the balance within a reasonable period of time, but you will not do so until the court approves of the arrangement.
Finally, you have to tell the creditor that you will not be able to work if the garnishment worksheet is not complied with. The creditor has to see that you are not able to handle the situation. He or she must be able to prove this. This is why the garnishment worksheet must be thorough.
A garnishment worksheet is a valuable tool that can help you get the ball rolling when it comes to preparing your garnishment letter. Prepare one as you read this to better understand how the process works.