Showing posts with label Debt State Statutes in District of Columbia. Show all posts
Showing posts with label Debt State Statutes in District of Columbia. Show all posts

Friday, December 16, 2011

Debt State Statutes in District of Columbia

WAGE GARNISHMENT EXEMPTION



Federal law applies. [Government employees exempt from garnishments]



MAXIMUM INTEREST RATE



Legal: 6% Judgment: 70% of interest rate on taxes to IRS



STATUTE OF LIMITATIONS



Open Account (credit card): 3 years

Written Contract: 3 years

Domestic Judgment: 20 years

Foreign Judgment: Foreign Statute Applies