Stop Garnishment with a Bankruptcy Attorney in ChesterfieldComments Off on Stop Garnishment with a Bankruptcy Attorney in Chesterfield
If you are currently experiencing financial difficulties with no additional income in sight, it will likely become more and more challenging to pay your bills. Unfortunately, there are times that stress our already tight budgets like job loss, medical expenses, back taxes, changes in relationships, and others.
When payments are in arrears, the court can order your earnings be garnished to meet your monetary obligations. Your employer will subtract a specific portion of your income each paycheck to pay toward your debts. If this happens to you, you need to stop garnishment with a bankruptcy attorney in Chesterfield.
You should know that you do have options if your finances are beyond your control. It may be best to consult with your creditors and schedule a repayment plan. If this is agreeable to the debtor, he can stop your wage garnishment. You can also challenge the garnishment in court and declare exemptions based on your financial problems. Documentation must be provided that identifies your failure to pay for standard living expenses if your income is reduced. This usually results in a smaller garnishment. Social security, alimony and retirement incomes are common exemptions.
Bankruptcy should only be a fallback. When debts become too much to handle, for whatever reason, bankruptcy may indeed be necessary but a lawyer who specializes in this type of legal issue can offer advice based on your circumstances.
Stop garnishment with a bankruptcy attorney in Chesterfield by calling or texting the experienced legal team at Teague & Associates, LLC, at (314)899-4499. We would be happy to schedule you for a private consultation.