Know Your Options to Stop Garnishment with a Bankruptcy Attorney in FlorissantComments Off on Know Your Options to Stop Garnishment with a Bankruptcy Attorney in Florissant
If you are suffering from a financial hardship, more often than not it will just become more and more difficult to pay your debts. Often times in life, unexpected hardships arise from changes to relationships, employment, medical expenses, child support payments and even back taxes that are owed, among other things. When these amounts become overdue, a court can issue an order for your wages to be garnished to pay this money. Your employer will deduct a specified amount of your paycheck to pay your debts. Should this happen to you, it would be beneficial to stop garnishment with a bankruptcy attorney in Florissant.
If you are currently dealing with a financial crises, know that you have options. One may be to negotiate with the creditor and set up a payment plan to be able to meet your financial obligation. If this is enough to satisfy your creditor, he can request that the wage garnishment cease. Another choice is to object to the garnishment in court and claim exemptions based upon financial difficulties. You must provide documentation of your inability to pay for basic living expenses if your wages are reduced. In this case, a smaller garnishment is generally taken so that you can meet all your obligations. Exemptions typically come from income from social security, retirement and alimony.
Filing for bankruptcy is a final option that should only be utilized as a last resort. When your debts are overwhelming, this may be best for you, but an attorney can provide valuable insight as to your individual situation.
Do not try to navigate this often confusing process alone. Stop garnishment with a bankruptcy attorney in Florissant by calling Teague & Associates, LLC, at (314)899-4499.