Tuesday, December 27, 2011

Debt State Statutes in Kentucky

WAGE GARNISHMENT EXEMPTION: 75% of disposable income or 30 times the federal minimum hourly wage, whichever is greater



MAXIMUM INTEREST RATE: Legal: 8% Judgment: 12%



STATUTE OF LIMITATIONS ON ENFORCEMENT:



Open Account (credit card): 5 years

Written Contract: 15 years

Oral Contract: 5 years

Domestic Judgment: 15 years

Foreign Judgment: 15 years

No comments:

Post a Comment