Wednesday, December 14, 2011

Debt State Statutes in Delaware

WAGE GARNISHMENT EXEMPTION: 85% of disposable earnings. Federal law offers better deal for debtor



MAXIMUM INTEREST RATE:



Legal: Federal Reserve Discount Rate Plus 5%

Judgment: Same as above



STATUTE OF LIMITATIONS ON ENFORCEMENT:



Open account (credit card): 4 years

Sale of Goods: 4 years

Written Contract: 3 years

Domestic / Foreign Judgment: None specified

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