Bankruptcy Can Provide Relief From Wage Garnishment
If your wages are being garnished due to a court judgment against you or certain other types of debts, the possibility of bankruptcy has probably crossed your mind. At the Jonathan Garrett Law Firm in Memphis, we help people throughout western Tennessee understand what bankruptcy can and cannot accomplish. Contact us for a free consultation with an attorney, including straight talk about the purpose and consequences of bankruptcy.
The basic facts about bankruptcy and garnishment are:
- Filing either a Chapter 7 or Chapter 13 bankruptcy will automatically stop creditor actions against you, including wage garnishment, until your case is heard by the court.
- You may choose to file bankruptcy because a judgment has already been entered against you or because a creditor lawsuit is pending and you cannot pay the debt.
- We can help you determine your best option for dealing with a judgment or garnishment, based on the types and amount of your debt and your overall financial situation.
Should You Liquidate or Reorganize Debt?
Most garnishments require a court judgment, and yours may result from an unpaid:
- Credit card debt
- Deficiency on an auto loan after repossession, or a second mortgage after foreclosure
- Unpaid rent arrearages on an apartment or home
Relief from debts like these can often be obtained by filing Chapter 7 "debt liquidation." However, dealing with tax debts and child support arrearages is more complex. In some cases, filing Chapter 13 "wage earner" bankruptcy will gain you more time to repay these debts.
Free Consultations and Affordable, Flexible Legal Fees
Experienced lawyer Jonathan Garrett is committed to providing helpful bankruptcy education as well as comprehensive bankruptcy legal services. At our Memphis law firm, we will discuss your pressing financial problems and explain what bankruptcy can and cannot do for you.
If a judgment or wage garnishment is making it difficult or impossible for you to keep up financially, we encourage you to contact us for a free consultation. We will meet with you promptly and be up front about our affordable, flexible fees.
We are a debt relief agency. We help people file for relief under the Bankruptcy Code.
