Filing bankruptcy can help

Wage garnishment is a debt collection tactic that creditors have traditionally used as a last resort to collect credit card and other debates. It can also be used to collect back-owed child support or tax debt. But that’s changing. Today many creditors aren’t even bothering to try to collect debts directly. Instead, they’re going straight to court to get a judgment and then recover their money by skimming from your paycheck.

For those struggling with debt, wage garnishment can make an already difficult situation a whole lot worse. Fortunately, it’s not inevitable and there are steps you can take to prevent debt collectors from accessing your paycheck or bank accounts.

What you can do

If you’re facing wage garnishment, being proactive can be beneficial, including working with creditors to come up with a repayment plan. However, a more effective course of action may be to consult with an experienced bankruptcy attorney. Filing for bankruptcy will not only put any pending creditors’ lawsuits on hold; it will stop any and all existing wage garnishments with the exception of child support.

We can help you understand how filing for bankruptcy can put a stop to debt collection efforts. We’ll also explain your options under Chapter 7 or Chapter 13 bankruptcy. For example, you may be able to discharge your debts or create reasonable repayment plans. If you have received a notice of wage garnishment and want to understand how bankruptcy may help you, contact us for the answers you need.