Wage Garnishment
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Trump Administration Delays Student Loan Wage Garnishment Amidst Reform Efforts
The Trump administration’s Education Department has paused wage garnishments and involuntary collections for defaulted student loan borrowers, citing ongoing reforms to the ‘broken’ loan system and the implementation of new repayment plans. The move has drawn both praise from advocacy…
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Student Loan Wage Garnishment Set to Resume in January 2026: What Borrowers Need to Know
Starting January 2026, the U.S. Education Department will resume wage garnishment for millions of student loan borrowers in default, seizing up to 15% of paychecks. Learn about the process, borrower rights, and steps to avoid garnishment.
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Financial Recovery: Armenian Government Support for Individuals with Non-Performing Loans
The Armenian government, through Resolution No. 1990-L, has launched an initiative to support citizens with non-performing loans and stimulate their economic activity. The resolution introduces a temporary measure to reduce wage garnishment, allowing individuals to retain a larger portion of…