Are your wages being garnished? If so, you are well aware of the stress that this situation causes. There was obviously not enough income to begin with or you wouldn’t have gotten behind on your payments but now that they are garnishing your wages this is certainly making the situation worse – not better. If you have a family this only magnifies the situation.
By filing personal bankruptcy either Chapter 7 bankruptcy or Chapter 13 bankruptcy you will be able to stop your wage garnishment – in many cases the garnishment can be stopped immediately.
As mentioned above, wage garnishment can deplete the limited amount of resources that you are bringing into your home. This can make it difficult to even provide the basic necessities for yourself and your family. When you file Chapter 7 bankruptcy or Chapter 13 bankruptcy you will be able to take advantage of your full paycheck once again and use this to provide for your family. Being able to do this is not the only benefit to filing for bankruptcy either.
The best thing about filing personal bankruptcy is that you are able to get a fresh start. You are able to wipe the slate clean – free of the stress and worry about how you are going to find a way to pay the bills you cannot pay.
Additional Benefits of Filing Chapter 7 Bankruptcy and Chapter 13 Bankruptcy
When you file Chapter 7 bankruptcy or Chapter 13 bankruptcy you are able to eliminate many different types of unsecured debt. Some of these include:
- Medical Bills
- Credit Cards
- Most Personal Loans
- Deficiencies on Repossessed Vehicles
- Some Judgments
Another benefit to filing bankruptcy is that there is a good chance that you will not lose any of the property that you own – especially when you file Chapter 7 bankruptcy. However, it is important to keep your mortgage payments and car payments current if you are considering filing bankruptcy. That way if you do meet the financial requirements that Chapter 7 bankruptcy entails there will not be an issue in keeping both your house and your car. Your bankruptcy attorney at the Law Office of Brian R. Lewis can help you to know if you meet the requirements or not.
Regardless of the fact that your wages are being garnished now or are going to be garnished soon, it is still not too late to get the help you need from an experience bankruptcy attorney. Get your life back on track and get the full benefits of the paycheck you work so hard to get each week. Put these financial burdens behind you and live the life you have dreamed of living – one that is worry-free and not riddled with debt you cannot pay.