Stop Judgment with a Bankruptcy Attorney in St. CharlesLeave a Comment
For any individual with a significant amount of debt, life seems like it’s nothing but collection call after collection call. But, when a debtor has a court ordered judgment against them from a creditor, it has made them more vulnerable to their mandatory collection to pay off owed debt. Now that a creditor has the ability to garnish the wages of the debtor it becomes more serious than a mere collection call or two. However, there is hope, as many of these debtors have found that they can actually stop judgment with a bankruptcy attorney in St. Charles.
There are a number of ways in which a creditor can use a court ordered judgment against a debtor, including wage garnishment and ceasing their bank accounts or property of value. Wage garnishment is done by the employer withholding a certain percentage of the individual’s pay and releasing it to the creditor until the debt is paid off. For individuals who live paycheck to paycheck a long-term garnishment can be detrimental to their finances. When a creditor ceases property, such as a bank account, it can drain that person’s life savings in a matter of minutes.
Oftentimes these individuals are surprised to find that a bankruptcy attorney can help them through their financial woes. But, this attorney can explain to them the process of filing for bankruptcy, what it means for the judgment against them (and any other debts) and how it can affect them long-term. A bankruptcy attorney is intended to be the right hand man of anyone who is considering filing for chapter 7 or chapter 13 bankruptcy. And, during this confusing and scary time during a debtor’s life it can feel good to know that there is someone on their side helping them to come to sound decisions and answering their questions legitimately.
Understanding that there is someone to help you through the process of debt cancellation, and that can help to give you the necessary information you need to stop judgment with a bankruptcy attorney in St. Charles is certainly peace of mind. Get started on the road to financial improvement by stopping the judgment against you with the help of Teague & Associates, LLC at (314) 899-4499.