Choosing The Right Course of Action

About four years ago, I could tell that things were turning south with my business. Cash flow was tight, and customers simply weren't coming back to shop some more. I realized that if I was going to keep my house, I would need to do something to resolve my finances. Although it was scary, I decided to meet with a bankruptcy attorney. After I explained my situation, he helped me to understand the process and how to tell if it was a good idea or not. When I decided to do it, things started changing for me right away. This blog breaks down bankruptcy in layman's terms, so that you can decide whether or not it is right for you.

Understanding Garnishment: How a Lawyer Can Help You


Have you ever heard of the term garnishment? It refers to a legal process where a creditor can seize a portion of your wages or assets to satisfy a debt that you owe. Dealing with garnishment can cause major setbacks, especially for those already facing financial difficulties. If you're currently experiencing garnishment or are concerned about it happening in the future, it's crucial to have a clear understanding of your rights and available options. Here are some of the intricate details of garnishment and information about how seeking legal advice can be instrumental in navigating such challenging circumstances.

What Is Garnishment?

As mentioned earlier, garnishment is a legal process by which a creditor can take away a portion of your wages or assets to collect a debt that you owe. Garnishment typically starts with a court order, which allows a creditor to garnish a debtor's wage, bank accounts, or other assets. The amount that can be garnished depends on the laws of the state and other factors, such as the type of debt owed.

Types of Garnishment

There are several types of garnishment, including wage garnishment, bank account garnishment, and property or asset garnishment. Wage garnishment is the most common and straightforward type of garnishment, where the employer is required to deduct a portion of an employee's wages to pay off a debt. Bank account garnishment, on the other hand, involves the seizure of bank accounts and assets. Property or asset garnishment involves the seizure of personal property, such as a car or a house.

How a Lawyer Can Help You with Garnishment

While facing the prospect of garnishment can induce stress, it's crucial to bear in mind that you do have options available. Seeking the counsel of a lawyer can furnish you with a comprehensive understanding of your rights, aid in exploring legal alternatives, and adeptly negotiate with creditors on your behalf. Furthermore, a lawyer is well-versed in maneuvering the intricacies of filing for bankruptcy, shielding your assets, and providing an avenue for a fresh start.

Bankruptcy as a Solution

Filing for bankruptcy is a legal solution that can help debtors get a fresh start in their finances. Bankruptcy provides an automatic stay, which stops all collection efforts, including garnishment. When it comes to bankruptcy, debtors have two options: Chapter 7 and Chapter 13. With Chapter 7 bankruptcy, debtors can eliminate most of their debts. On the other hand, Chapter 13 bankruptcy offers a debt reorganization plan, allowing debtors to repay their obligations through a structured repayment arrangement.

Consult with a Lawyer

If you are facing garnishment or are worried about it, then it's crucial to consult with a lawyer who specializes in debt relief. Enlist the expertise of a lawyer to gain clarity on your legal options and receive guidance for the optimal path forward. With the right legal counsel, devising a comprehensive strategy to alleviate your debts and embark on a fresh start becomes within reach.

For more info about stop garnishment legal help, contact a local company. 


10 October 2023