Stop Garnishment with a Bankruptcy Lawyer in St. CharlesComments Off on Stop Garnishment with a Bankruptcy Lawyer in St. Charles
There are few legal issues so frightening as garnishing of wages. A garnishment occurs when a third party or garnishee has control of money that is owed a debtor and must pay some of the funds to the debtor’s creditors to satisfy a legal debt. A garnishee may be an employer, bank or pension plan. When the garnishee is the debtor’s employer, the process is known as wage garnishment and the money paid to creditors is the salary or wages. To learn more about your options in this difficult situation, stop garnishment with a bankruptcy lawyer in St. Charles.
A court order is necessary for your wages to be garnished. Garnishment, with few exceptions, is only issued to impose a judgment from the court. A judgment results from a lawsuit and is the court determination in the case. A monetary judgment is a determination by the court that one party owes money to another party. A creditor who can seek garnishment has a monetary judgment in his favor. The most popular garnishments include: credit card bills, taxes, alimony, child support and medical bills, but garnishment is possible for any legal debt.
There are some types of income that are exempt from garnishment. These may be social security, retirement and pension benefits, public assistance or benefits like unemployment and veteran’s benefits, annuities and insurance (except life insurance) and alimony or support to a certain degree.
To stop garnishment with a bankruptcy lawyer in St. Charles, call the legal team at Teague & Associates, LLC, at (314)899-4499.