Garnishment of wages involves lenders collecting debts from a person's paycheck or bank account, with federal law allowing garnishment of up to 15% of disposable income.
Garnishment of wages means that a lender is taking money from your paycheck or bank account as a way to collect on a debt. Federal law allows the loan holder to garnish up to 15% of your disposable pay, with notice provided beforehand.
Disposable income is calculated as personal income minus personal current taxes, giving the amount subject to garnishment.
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