Many people wait too long to seek out help when dealing with financial issues, for many different reasons. People often avoid talking to an attorney about debt-relief options, this decision can have negative consequences. Waiting to talk to an attorney about debt-relief options can lead to creditors taking out wage garnishments from your paycheck.
However, if you call us right away, there is a better chance we can prevent wage garnishments from happening. Wage garnishments do not happen overnight. The creditor must first go through a lengthy legal process before garnishing your pay, which includes getting a legal judgment against you in court.
Will Bankruptcy Stop Wage Garnishments? :
Yes and no. Filing for bankruptcy will not automatically stop all forms of wage garnishments. There is good news, though:
- Breathing room: When you file for bankruptcy, there is a legal stay that prohibits creditors from continuing their collections activities throughout the bankruptcy process. This will give you some breathing room.
- Stop garnishments in many cases: Although it is not a guarantee, most people who file for bankruptcy can get the garnishments to stop.
- Recover past garnished money: In many cases we can go back and get money that has already been garnished.