Printer Friendly

New Garnishment Law Tougher -- Consumers, Employers and Courts to be Burdened; Consumer Credit Counseling the Best Alternative.

CLEVELAND--(BUSINESS WIRE)--March 29, 1999--On March 30, 1999, a new garnishee law will go into effect in Ohio.

Previously, creditors needed to file for a garnishee each month; filing will now be continuous. The effects of this new law are expected to add an extra burden to consumers, employers and the municipal courts in Ohio.

Consumers should know that Consumer Credit Counseling Service of Northeastern Ohio Inc. (CCCS) can act as a positive alternative to wage attachment through the garnishment process, or the alternatives of trusteeship or bankruptcy. CCCS provides free counseling and debt management programs to consumers. Consumers need to act quickly, after they are notified of an intent to garnishee. They will have a window of only 15 days during which they may make an appointment with CCCS in order to avoid wage attachment.

Employers may expect greatly increased reporting duties and paperwork. Small employers may find the process an overwhelming encumbrance. Consumer Credit Counseling Service is available to make employee presentations on the subject of dealing with debt. The program is called "Solving Debt Problems," and CCCS may be contacted at 216/781-8624 ext. 205 for more information.

As of the end of March, garnishments will be continuous orders which may last until the debt is paid to a creditor in-full. If a second creditor files next, the first creditor's garnishees will be limited to 182 days. In cases where multiple creditors file, there will be a "stacking" process whereby creditors would queue up for six-month terms of garnishees.

To avoid being garnisheed, consumers may pay the debt in-full, arrange through their employer to pay the garnishment amount, file for trusteeship or bankruptcy, or use a non-profit, credit counseling service. The best solution to getting out of debt and avoiding these garnishees is Consumer Credit Counseling Service.

In northeastern Ohio, CCCS maintains 10 offices and offers evening and Saturday appointments as well as phone counseling. Consumers should call 216/781-8624 for an appointment. Special attention will be given to those indicating impending garnishees.

CCCS is a non-profit, community service organization that provides confidential counseling, guidance, debt management and education programs to financially troubled consumers. CCCS is a member of the National Foundation for Consumer Credit (NFCC), is accredited by the Council on Accreditation of Services for Families and Children Inc., and a member of the Better Business Bureau of Cleveland.
COPYRIGHT 1999 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1999, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Geographic Code:1U3OH
Date:Mar 29, 1999
Words:394
Previous Article:Fisher-Rosemount Systems Enhances DeltaV Scalable Process System -- Again.
Next Article:Executone Information Systems to Become eLottery and Divest Core Businesses.


Related Articles
Bankruptcy; a blessing in disguise.
Extension of research tax credit and education assistance exclusion.
Extension of research tax credit and educational assistance exclusion.
Medical Debtors to the Poorhouse.
New California Laws Effective Jan. 1, 2002. (California News).
A blow for abortion law appeal. (FYI).
Laws set limits, rules on wage garnishment.
Coming to a contract near you: the predispute jury waiver.
Can a creditor garnish your wages? The dirty little secrets you were never told.

Terms of use | Copyright © 2018 Farlex, Inc. | Feedback | For webmasters