Friday, January 6, 2012

Debt State Statutes in Nebraska

WAGE GARNISHMENT EXEMPTION: 75% of disposable earnings (85% if head of household) OR 30 times the federal minimum hourly wage, whichever is greater



MAXIMUM INTEREST RATE:



Legal: 12% or contract rate

Judgment: 1% above bond equivalent yield as published by U.S. Treasury



STATUTE OF LIMITATIONS ON ENFORCEMENT:



Open Contract (credit card): 4 years

Written Contract: 5 years

Domestic Judgment: 5 years (renewable)

Foreign Judgment: 5 years

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