Avoid Wage Garnishment
Imagine working for two weeks, looking forward to direct deposit, only to discover that you have been paid less than half of what you normally earn. Something must be terribly wrong. The next day, you schedule to speak with someone in human resources. They do a bit of digging and discover that your wages have been garnished. How will you live? How will you pay your bills? You were anticipating your pay check to cover vital expenses like your car note, mortgage, groceries and gas. Now, what will you do? Avoid the confusion and frustration of wage garnishments by filing for bankruptcy with North Bay Bankruptcy Attorneys.
The Side Effects of Wage Garnishments
Wage garnishments occur when a court issues an order requiring your employer to withhold a portion of your paycheck to satisfy a debt owed to a creditor. It operates like taxes and social security in which the monies are deducted before receiving your periodic paycheck. A creditor must file an income execution form and have it signed by a clerk of the court before wage garnishment is instituted. Your wages will continue to be deducted until the debt is paid in full. Wage garnishments effect your credit, lifestyle, finances, well being and mental health.
Court Ordered Stays
The moment North Bay Bankruptcy Attorneys files for bankruptcy on your behalf, the court issues an automatic stay. A stay is similar to a cease and desist. It is terminology used when filing for bankruptcy. One of the benefits when filing for bankruptcy is that as soon as we file the proper documentation, wage garnishment is put on hold until the court determines how matters should be handled. In some instances, you may even receive money back. One should note that taxes, student loans and child support are not protected. This is just one more reason why bankruptcy may be right for you.
Phoning to speak with creditors will only get you so far. Sending emails on your lunch break is time consuming and generally not fruitful. There is a way to win at the game of finance. Allow North Bay Bankruptcy Attorneys to negotiate on your behalf. Once you agree to work with us, we will assign an experienced bankruptcy attorney and paralegal to assist you from start to finish. They will build a rapport with you and study your case from top to bottom. At that point, they will begin to send notices to creditors complete with new terms. Allow professionals to take over the negotiation using a language they understand.
Wage Garnishment Exemptions
There is another way to avoid wage garnishment. Enlist North Bay Bankruptcy Attorneys to file a wage garnishment exemption on your behalf. We will demonstrate to the court that wage garnishment will interfere with basic necessities like food, shelter and transportation. If your wages are garnished and you are unable to purchase food for survival, keep a roof over your head or cover your car note, we are able to make a strong argument against wage garnishment. Creditors will not receive a dime if you are unable to get to and from work. Once we receive the necessary financial documents, your attorney will be able to proceed with filing the appropriate forms for wage garnishment exemptions.