How to Stop Garnishment with a Bankruptcy Attorney in O’FallonComments Off on How to Stop Garnishment with a Bankruptcy Attorney in O’Fallon
Are your financial problems getting worse instead of better? Have you done everything you can to resolve your money issues? If you have answered “yes” to these questions, it is time to get some help. Unfortunately, there are times when things happen to max out your budget, like job loss, unanticipated medical expenses or even a relationship change. These situations can quickly deplete your savings and can cause you to get behind on payments. Your debtors can file a petition in court to have some money taken out of your wages each pay period to help pay the amount in arrears. If this fits your circumstances, take steps to stop garnishment with a bankruptcy attorney in O’Fallon.
You do have some options if your finances are uncontrolled. It may be possible to talk with your creditors to work out a repayment schedule. If the debtor agrees, they can stop garnishing your paycheck. You can also challenge the garnishment in court and claim exemptions based on your financial state. There must be documentation that identifies your failure to pay for standard living expenses if your income is reduced. This often leads to a smaller garnishment. Social security, alimony and retirement incomes are common exemptions.
When debts are overwhelming, for any reason, bankruptcy may truly be the best option. A bankruptcy attorney can offer guidance based on your circumstances.
Stop garnishment with a bankruptcy attorney in O’Fallon by contacting the knowledgeable legal team at Teague & Associates, LLC, at (314) 899-4499. We will be happy to make an appointment for you to sit and discuss your finances with one of our lawyers. Let us assist you with your debt problems.