Avoiding Wage Garnishment
Once a creditor has obtained a judgment against you for debts owed, they may pursue wage garnishment to recover any money owed. Under state law, collectors can garnish up to 25 percent of your wages. Having your wages garnished can make a tight financial situation even tighter. At The Law Offices of Ronald I. Chorches, our attorneys can help you protect your income with different options for debt relief.
Stop Wage Garnishment With Bankruptcy
The most efficient way to prevent or stop wage garnishment is to file bankruptcy. Chapter 7 allows you to liquidate money owed and start over completely, while Chapter 13 allows you to consolidate debt and make one affordable monthly payment. Filing for bankruptcy is useful in ceasing wage garnishment if you:
- Fall behind on credit card or loan payments
- Owe income taxes
- Need to pay child support
- Default on student loans
Our lawyers can help you determine the best avenue for your situation.
Debt Relief Options For Keeping Your Income
Although declaring bankruptcy can successfully stem wage garnishment, in many cases, it is not the only option. Based on your unique circumstances and obligations, you may be able to keep more of your paycheck with debt relief alternatives. With more than 20 years of experience helping people find solvency, we are able to comprehensively evaluate your situation and identify the best route to financial freedom.
Helping You Start Fresh
Do not let debt take over your life. Let us help you regain control starting with a free case evaluation. Reach us online or by phone at 860-563-3955.