For a person already struggling with financial problems, wage garnishment can be a devastating turn of events. Creditors who obtain a judgment against you have the right to seize up to 25 percent of your paycheck and an unlimited amount from your bank account (up to the total amount of the judgment). Bankruptcy stops wage garnishment, bank account levies and other debt collection actions.
At the Law Office of W. Thomas Bible, Jr., we help people stop garnishment by filing for bankruptcy. We represent individuals struggling with debt problems in Chattanooga and throughout Tennessee and North Georgia.
Stop Wage Garnishment With Bankruptcy
Wage garnishment is a legal tool often used by debt collection companies to collect credit card debt, medical debt and other types of unsecured debt. If you have defaulted on a loan, your creditor may file a lawsuit against you after a certain amount of time. If the creditor wins the lawsuit, it can begin taking money out of your paycheck and/or bank account.
The automatic stay enacted by filing for bankruptcy stops wage garnishment, bank account levies and other debt collection activities. In some cases, it is possible to recover wages that have already been garnished. Our bankruptcy lawyers will work with you personally to help you determine if bankruptcy is the best option for you.