Can bankruptcy stop wage garnishment?
Whether you are in need of a financial makeover or you have been the victim of a wage garnishment, bankruptcy can be an effective solution. With a clean slate, you can get back on your feet and start living a debt-free life.
Wage garnishment is a legal process whereby your employer withholds a portion of your paycheck. This may be as much as 25% of your take-home pay. It can cause significant embarrassment, as your employer is aware that you are struggling financially.
If you file for bankruptcy, it will stop most wage garnishments. You may even be able to recover your garnished wages within 90 days of filing.
A good bankruptcy attorney will help you decide whether filing for bankruptcy is the best move for your situation. They will also be able to explain how it works and provide you with the information you need to know about your options.
In most states, there are exemption laws to help you avoid being garnished. For instance, if you are receiving government assistance, you may qualify for an exemption.
In addition, filing for bankruptcy may also be a good way to get rid of the old debts you can no longer pay. You may also qualify for tax refunds to help settle your bills.
To be able to file for bankruptcy, you must meet the following requirements. You must be able to show that your total debt is at least $600.
If you need a bankruptcy lawyer, please call this law firm for a free consultation
Ascent Law LLC
8833 S Redwood Rd Suite C
West Jordan UT 84088
801 676 5505