Stop Job Garnishment Through Bankruptcy
Debt is a very difficult situation for people to find themselves in. When people find themselves trapped in extreme debt, there are often unexpected and severe consequences that come down the pike. One of these is known as job garnishment, where creditors can garnish your paycheck – withhold a portion of your earnings to repay creditors. This means that whether you agree to it or not, your hard-earned money is being automatically taken from you to pay debts that you owe. Garnishment is a severe consequence for those who are severely in debt, and it is a means for creditors to guarantee that they will be paid. Of course, this can make repaying debts even more challenging because you will have less money coming in. Filing bankruptcy puts an automatic stay in place that will immediately stop all garnishment attempts.
An automatic stay immediately protects you from harassment by creditors and prevents them from taking any collection activity against you during your bankruptcy case. Whenever you file for bankruptcy, you will be required to provide to the court a list of your debts with your creditors and their addresses. Working with a bankruptcy attorney is highly beneficial as your attorney will notify each creditor that you have filed for bankruptcy. The contact between the attorney and the creditors will acknowledge that you have filed for bankruptcy and that they must then take steps to suspend the job garnishment against your wages.
It is highly encouraged that you take action before it is too late. Many people choose to ignore their debts until they become so overwhelming that they do not know what to do, and they only find out that their wages are being garnished when they are locked out of their bank accounts or that their paycheck is significantly smaller. Others simply try to make good on their debts by paying them off in very small amounts, yet the creditors show little patience and mercy and will garnish their wages anyway.
At Gingold & Gingold, LLC, we can help you! We will work with you to determine the best options for your debt situations. Through filing for bankruptcy, we will make sure that an automatic stay is put in place to stop harassment and all garnishment attempts by creditors. Filing for bankruptcy may seem like a scary situation, but severe debt that is pursued by relentless creditors is much worse. Contact Gingold & Gingold, LLC, today so that we can help you figure out the best options for holding on to your wages and wiping out your debts.