Senate Bill 373 helps Nevada workers deal with their debt and at the same time allows them to keep more of their wages to provide for their families while paying off creditors over time.
Under current Nevada law 25% of a worker’s wages can be garnished to collect a debt. SB373 reduces the garnishment amount to 15% of take home pay for those with gross annual earnings under $40,000.
Nevadans where hit hardest by the economic downtown, and our state’s high rate of foreclosures continues to drag us down. Reducing the amount of wage garnishment allows workers to pay at a rate which they can afford to avoid bankruptcy and/or default on their other obligations.