http://toddmurraylaw.com/claiming-garnishment-exemptions-in-minnesota/ Sat, 05 Jun 2010 17:48:23 +0000 http://wordpress.org/?v=2.9.1 hourly 1 http://toddmurraylaw.com/claiming-garnishment-exemptions-in-minnesota/comment-page-1/#comment-49 Garnishment in Minnesota | Tue, 30 Jun 2009 22:21:32 +0000 http://toddmurraylaw.com/?p=456#comment-49 [...] What should you do if your bank account or wages are being garnished? First, determine if any portion of the funds that were seized are exempt. Minnesota law provides that certain sources of funds are exempt from garnishment. For example, a debt collector may not keep most forms of need-based government aid, such as social security or energy assistance. In addition, a debt collector can only keep up to 25% of your wages, even after you deposited them in your bank account. Minnesota law also provides that child support, some insurance settlement proceeds, and many pension plans are exempt from garnishment. This is not an exhaustive list of exemptions and you should consult with a consumer lawyer to determine what, if any, exemptions you may claim. A consumer lawyer can also help you navigate the process to claim an exemption and get your exempt funds back. It is critical to act quickly because Minnesota law provides very stringent deadlines for claiming an exemption and if you fail to act in the required time, you may lose your ability to claim an exemption. 6/30/09 update: for more information on garnishment exemptions in Minnesota, see this post. [...] [...] What should you do if your bank account or wages are being garnished? First, determine if any portion of the funds that were seized are exempt. Minnesota law provides that certain sources of funds are exempt from garnishment. For example, a debt collector may not keep most forms of need-based government aid, such as social security or energy assistance. In addition, a debt collector can only keep up to 25% of your wages, even after you deposited them in your bank account. Minnesota law also provides that child support, some insurance settlement proceeds, and many pension plans are exempt from garnishment. This is not an exhaustive list of exemptions and you should consult with a consumer lawyer to determine what, if any, exemptions you may claim. A consumer lawyer can also help you navigate the process to claim an exemption and get your exempt funds back. It is critical to act quickly because Minnesota law provides very stringent deadlines for claiming an exemption and if you fail to act in the required time, you may lose your ability to claim an exemption. 6/30/09 update: for more information on garnishment exemptions in Minnesota, see this post. [...]

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