Stop Wage Garnishments with Bankruptcy
What is a wage garnishment?
A wage garnishment is a mechanism for collecting a debt. Typically a creditor must first obtain a judgment in court for the amount of money owed. They then take that judgment to your employer whereby the employer is mandated by law to begin deducting a portion of your wages each pay period. The amount that they are able to deduct depends on how much you are making. The maximum amount they can deduct is 15% each pay period.
At Pioletti & Pioletti we are committed to working with people to help them obtain debt relief and stop wage garnishments. Call us at 309-467-3213 to schedule a free consultation.
Filing for Bankruptcy Stops Wage Garnishments
The most effective way to stop a wage garnishment or prevent one from beginning is to file for bankruptcy. When a chapter 7 or chapter 13 bankruptcy is filed an automatic stay goes into effect. Even though it may a week or more before the garnishment is removed, any money garnished after the bankruptcy is filed will be returned. In addition to wage garnishments, all repossessions, bank account garnishments, and creditor calls and letters will stop as well.
If your employer is garnishing your wage, contact Pioletti & Pioletti for a free consultation to discuss what options you may have.