Falling behind on your monthly payments may be one of the worst financial predicaments that you could find yourself in. Unfortunately, if you’re in debt and are unable to make payments, creditors can pursue those payments through wage garnishment. If you’re living paycheck to paycheck, wage garnishment can be a devastating blow to your financial profile, making your predicament even worse. If wage garnishment is a struggle for you, it’s important to seek help from a St. Petersburg bankruptcy lawyer, not your employer.
A Bankruptcy Lawyer Can Stop Wage Garnishment
A court-ordered payroll creditor can force your employer to begin withholding up to 25% of your disposable income. If you have credit card debt, required child support, and other costs of living, dealing with wage garnishment is an extremely difficult circumstance. If your employer begins withholding money from your paycheck because of wage garnishment, don’t make the mistake of seeking protection from your employer.
Many individuals attempt to convince their employer to manipulate or misrepresent income amounts. Some even ask their employer to deduct less than what is required from the wage garnishment. However, doing this not only puts your employer in a difficult situation, but it is also against the law and can result in penalties and fines.
Instead, seeking the counsel of a bankruptcy attorney will help you place an end to wage garnishment – and even get the rest of your financial situation in check. Because filing for bankruptcy with the help of a bankruptcy attorney triggers “automatic stay,” you will experience immediate protection from wage garnishment.
After filing for bankruptcy, it’s important to use the opportunity to reorganize your financial life with the help of your bankruptcy lawyer. If you stay current on any payment plans determined with your bankruptcy lawyer, stick to them. Failing to do so could result in wage garnishment being reinstated. In short, while a bankruptcy lawyer can help you stop wage garnishment through a bankruptcy filing, it’s ultimately the financial choices you make that will determine whether wage garnishment resumes or becomes a thing of the past.