Section 15-601 – Definitions
(a) In this subtitle the following words have the meanings indicated. (b) “Employee” includes an employee whether he is a resident or nonresident of the State. (c) “Wages” means all monetary remuneration paid to any employee for his employment.
Section 15-601.1 – Exemption From Attachment
(a) In this section, “disposable wages” means the part of wages that remain after deduction of any amount required to be withheld by law. (b) The following are exempt from attachment: (1) The greater of: (i) 75 percent of the disposable wages due; or (ii) 30 times the State minimum hourly wage in effect at the time the wages are […]
Section 15-602 – Continuing Lien; Application and Waiver of Limitations in 15-601.1
(a) When an attachment is levied against the wages of a judgment debtor, it shall constitute a lien on all attachable wages that are payable at the time the attachment is served or which become payable until the judgment, interest, and costs, as specified in the attachment, are satisfied. (b) Any waiver of the limitations contained in […]
Section 15-603 – Duties of Employer
(a) While the attachment remains a lien, the employer/garnishee shall withhold all attachable wages payable to the judgment debtor and remit the amount withheld to the judgment creditor or his legal representative within 15 days after the close of the last pay period in each month. (b) If the employer/garnishee is served with more than one attachment […]
Section 15-213 – Certain Statutes Not Repealed
This subtitle does not repeal the law relating to: (1) Fraudulent conveyances from one spouse to the other, as provided in §§ 4-205, 4-206, and 4-301 of the Family Law Article; (2) Priorities and preferences in insolvency, as provided in Subtitle 1 of this title; or (3) Bulk transfers, as defined in Title 6 of this article.
Section 15-604 – Resignation or Dismissal of Employee
If a judgment debtor resigns or is dismissed from his employment while an attachment upon his wages is wholly or partly unsatisfied, the attachment shall lapse and no further deduction may be made unless the judgment debtor is reinstated or reemployed within 90 days of the resignation or dismissal.
Section 15-101 – Preferences in Insolvency
(a) (1) For purposes of this section the following words, as used in federal bankruptcy laws, have the meanings indicated. (2) “The case” means the assignment for the benefit of creditors proceeding or the receivership proceeding, whichever is applicable; (3) “Commencement of the case” means commencement of the assignment for the benefit of creditors proceeding or receivership proceeding; (4) “The […]
Section 15-102 – Priorities in Insolvency
(a) (1) In this section the following words have the meanings indicated. (2) “Person” includes an individual, corporation, business trust, statutory trust, estate, trust, partnership, limited liability company, association, two or more persons having a joint or common interest, or any other legal or commercial entity. (3) “Wages” means all remuneration paid to any employee for his employment, including […]
Section 15-202 – Insolvency
(a) A person is insolvent if the present fair market value of his assets is less than the amount required to pay his probable liability on his existing debts as they become absolute and matured. (b) In determining if a partnership is insolvent, there shall be added to the partnership property: (1) The present fair market value of […]
Section 15-203 – Fair Consideration
Fair consideration is given for property or an obligation, if: (1) In exchange for the property or obligation, as a fair equivalent for it and in good faith, property is conveyed or an antecedent debt is satisfied; or (2) The property or obligation is received in good faith to secure a present advance or antecedent debt in […]