Saturday, December 31, 2011

Debt State Statutes in Massachusetts


WAGE GARNISHMENT EXEMPTION: $125 per week



MAXIMUM INTEREST RATE: Legal: 6% Judgment: 12% Contract: 12%



STATUTE OF LIMITATIONS ON ENFORCEMENT:



Open account (credit card): 6 years

Contract: 6 years

Domestic Judgment: 20 years

Foreign Judgment: 20 years

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