Effectively Stop Garnishment with Bankruptcy Lawyer in St. LouisLeave a Comment
It can be a heart stopping, gut wrenching experience to open a weekly paycheck to find that a creditor has been successful at having a garnishment placed on any monies earned. When financial problems get to this point, it seems to be the beginning of a never ending battle. Trying to pay down debts gradually can work sometimes but more often then not, it is just a portion of the interest that gets paid which really does nothing but keep the wolves at bay for a short period of time. Having to make the choice between buying groceries or paying the electricity bill can start to get a little stressful. Instead of having to make these kind of choices for your family, it may be time to learn how to effectively stop garnishment with bankruptcy lawyer in St. Louis.
There are very few people who don’t find themselves in debt at some point and time in their lives. Quite often, the reasons for getting into financial trouble are more due to circumstances and not necessarily fault. It may be:
- The sudden loss of employment
- Marital problems such as separation or divorce
- High pressure sales
- Health concerns
- A failing business
- Poor investment choices
Whatever the reasons, garnishment can seemingly exacerbate the problem rather then fix it.
An experienced lawyer specializing in bankruptcy can have a garnishment order overturned quite quickly. In fact, directly following the filing of a bankruptcy claim, an automatic stay of action is in effect which will put an immediate end to any wage collection action.
Contrary to some belief, filing for bankruptcy will not ruin a person financially, nor will they necessarily lose everything they own. A straight bankruptcy, cancellation of debt and a discharge will provide a person with a clean slate and a chance to start fresh.