If you're struggling to make ends meet, wage garnishment can be a major blow. Fortunately, filing for bankruptcy can put an end to wage garnishment and give you a fresh start. Here's what you need to know.
What Is Wage Garnishment?
Wage garnishment is when your employer withholds a portion of your paycheck to pay your creditors. If you fall behind on student loans, credit card debt, or medical bills, it can happen. In most cases, creditors will only resort to wage garnishment after trying other methods to get you to pay, like sending demand letters or calling you on the phone.
How Does Bankruptcy Help?
Filing for bankruptcy gives you what's called "automatic stay protection." That means creditors must stop all collection efforts against you, including wage garnishment. The automatic stay is in effect until your bankruptcy case is over. In most cases, your creditors will never be able to garnish your wages again.
Of course, there are some exceptions. For example, if you owe child support or alimony, those payments can still be deducted from your paycheck even if you've filed for bankruptcy. And in some cases, creditors may be able to get permission from the court to continue garnishing your wages even after you've filed for bankruptcy. But generally, bankruptcy will give you the relief you need from wage garnishment.
Get a Fresh Start Today!
If wage garnishment is putting a strain on your finances, know that you have options. Filing for bankruptcy can stop wage garnishment and give you a fresh start. At the The Law Offices Of Mayer & Newton
We can guide you through every step of the process and help you get the relief you need. Contact us today to learn more.
Call The Law Offices Of Mayer & Newton at (865) 328-7993 today to get on the path to financial freedom. Set up your free case consultation today!