An illness, unemployment, divorce, or some other unforeseen life circumstance can throw you into a tailspin. Wage garnishment is the last thing you need to have to deal with. There are bankruptcy laws that can protect you from this form of debt collection. However, it is important that you act swiftly. Your delay in acting could mean the difference in being protected or being unprotected. The United States Congress changed the bankruptcy laws in April 2005; however, debtors can still stay wage garnishment by hiring a bankruptcy lawyer. Your bankruptcy lawyer that specializes in this field will know all of the intricate laws that can assist you. This is one of the most important decisions you can make to protect you from wage garnishment. Filing a bankruptcy must be preceded by credit counseling. In fact, the new Congressional laws mandate credit counseling from an approved agency. Your bankruptcy attorney can help you find one.
Once you complete this credit counseling, your lawyer is free to file the bankruptcy order. Strict stipulations govern who can file a chapter 7 bankruptcy. Filing either a chapter 7 or chapter 13 bankruptcy can provide the needed protection from wage garnishment. Time is crucial. You must act quickly to make sure you are protected from your creditors. Then new laws require the court to apply the means test and the disposable income test to the debtor. Those debtors with higher incomes may be limited to filing a chapter 13 bankruptcy. A chapter 7 is a complete liquidation of all assets. In this situation, the debtor gets to start completely over with a clean slate. And you are protected from wage garnishment. The internet can be very useful when trying to decide on an attorney in your area. The attorney you hire will be your best protection against the difficult process. That is why it is important to get an attorney that is familiar with wage garnishment and all current bankruptcy laws.
Attorneys that do not specialize may not be as well versed in the new laws. This can make a huge difference in your case. During your bankruptcy process, the internet is a good resource also. Bankruptcy forums can provide helpful information on wage garnishments and other bankruptcy laws. Interacting with others that are going through this same process can be helpful also. Bankruptcy can make you feel alone and isolated. You may even feel guilty about your finances. It is important that you get the support and information that you need to make it through this difficult time. Getting accurate bankruptcy information can help stop a wage garnishment or even a foreclosure. Knowledge is truly power. The more accurate information you obtain the better you can handle your situation.
In conclusion, you do not have to face wage garnishment. There are bankruptcy protections that can stay this action. However, it is critical for you to act fast and decisively. Do not let yourself get stuck in a hopeless rut. A good bankruptcy lawyer and support group can keep you moving forward.
For a free bankruptcy evaluation, call:
(877) 448 - 7640.
or Fill out the form below.
AllVideos Reloaded
PAID ATTORNEY ADVERTISEMENT: This Web site is a group advertisement. It is not a lawyer referral service or prepaid legal services plan. Diversified Net Media is not a law firm. The sole basis for the inclusion of the participating lawyers or law firms is the payment of a fee for exclusive geographical advertising rights. Diversified Net Media does not endorse or recommend any lawyer or law firm who participates in the network. It does not make any representation and has not made any judgment as to the qualifications, expertise or credentials of any participating lawyer. The information contained herein is not legal advice. Any information you submit to Diversified Net Media may not be protected by attorney-client privilege. All photos are of models and do not depict clients. All case evaluations are performed by participating attorneys.
If you live in Alabama, Florida, Missouri, New York or Wyoming, please click here for additional information.
By an Act of Congress and the President of the United States, we are a federal Debt Relief Agency. Attorneys and/or law firms promoted through this Web site are also federally designated Debt Relief Agencies. They help people file for relief under the U.S. Bankruptcy Code. Disclosures Required Under the U.S. Bankruptcy Code.
If you live in Alabama, Florida, Missouri, New York or Wyoming, please click here for additional information.
By an Act of Congress and the President of the United States, we are a federal Debt Relief Agency. Attorneys and/or law firms promoted through this Web site are also federally designated Debt Relief Agencies. They help people file for relief under the U.S. Bankruptcy Code. Disclosures Required Under the U.S. Bankruptcy Code.