Showing posts with label Debt State Statutes in Kentucky. Show all posts
Showing posts with label Debt State Statutes in Kentucky. Show all posts

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