Can I get my money back if I declare bankruptcy?
Wage Garnishments are a common reason for people to declare bankruptcy. Wage garnishment occurs when your employer withholds a portion of wages to pay your debts. Wage garnishments may occur for a variety of reasons, including unpaid debts such as credit cards, personal loan, or child support.
Wage Garnishments can be financially crippling and frustrating. Creditors may garnish up to 25% of your earnings. Wage garnishments can make it difficult to pay rent, purchase groceries, or cover living expenses. It is important for those who are facing wage garnishment to act quickly. An attorney in bankruptcy can help you to understand your options. The good news is that filing for bankruptcy may provide immediate relief. A chapter 7 or chapter 13 bankruptcy will stop wage garnishment immediately. The automatic stay is activated as soon as you file for bankruptcy. The automatic stay prevents creditors from pursuing further collection actions against you. You may be able to get your garnished wages returned. Bankruptcy can stop wage garnishment and help you recover any wages that have already been taken. If you had at least $625 garnished in the 90 days before you filed bankruptcy, you might be able get this money back. You can get a new start by filing bankruptcy. You can stop wage garnishment by filing bankruptcy. This will give you the funds you need to move forward.
CALL NOW FOR A FREE STRATEGY SESSION FROM AN MN BANKRUPTCY LAWYER AT LIFEBACK LAW FIRM
Bankruptcy is a helpful tool to help you get your life back! If you have questions about wage garnishment and bankruptcy and would like to do a free consultation to go over your options, visit
www.lifebacklaw.com
to speak with an attorney. You’ll be glad you did it! https://www.youtube.com/watch?v=qP6f2MYiPAg
