Regular Session Senate Bill 124 – South Carolina Business Debt Recovery Act of 2011
- Introduced Dec 01 10
- Passed House
- Passed Senate
- Signed By Governor
- Bill Is Law
Introduced By
Description
This bill would create a set of procedures for a creditor to recovery commercial debts through a rite of garnishment through income, wages, bonus and commission of the judgment debtor. It will also set the maximum garnishment not exceed 25 percent of the judgment debtor’s disposable earnings. It also add an clause that a creditor may not garnish the debtor if the debtor has been induced by the creditor in a consumer credit obligation to sign a statement that the debt is incurred for business or commercial purposes with the effect of making the debt subject to garnishment.
Roll Call Votes
- There have been no roll call votes for this bill.
Activity
- Jan 11 11
- Senate – Referred sent to SENATE Judiciary Committee committee
About the Votes Project
The Votes project was founded in 2001 by the Mackinac Center for Public Policy, a non-partisan research and educational institute dedicated to improving the quality of life for all Michigan citizens by promoting sound solutions to state and local policy questions. Visit their website at www.mackinac.org.
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