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

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