Many people do not realize that bankruptcy is not the only way to prevent your wages from being garnished. Our team of bankruptcy experts wants you to make the best financial decisions for you and your family. Because of this, we will counsel you in many different ways before we go straight to filing for bankruptcy. If you would like to avoid having your wages garnished by collectors and collection agencies, then having an experienced attorney like one of ours on your side can help you a great deal in saving your paycheck.
Wage garnishment is a way for debt collectors to collect their debts directly from you by taking money right out of your paycheck. You will not see this money, as it is taken out of your check before it is disbursed to you, kind of like how taxes work. This is a way for debt collectors to ensure that you are making your payments. They are forcing you to make your payments in a way. We understand that this is not always feasible for your financial situation, and that you need money to take care of your necessities like the place that you live, food, and caring for your children.
One way that you can avoid having your wages garnished is by negotiating with the person or entity that is trying to collect debt from you. Maybe there is a way that a payment schedule can be worked out that serves both of your interests. You will have to make sure that you stick to whatever agreement that you come to with them, or else they will continue to attempt to sue you and therefore garnish your wages to get the money that you owe to them. Speaking with your debt collector should be the first step in any negotiation or payment schedule agreement.
If you are sued for debts that you owe to collection agencies, then you can also challenge the statements that they have made. This is when having one of our lawyers represent you in court can be very helpful. We know the ins and outs of bankruptcy and credit laws and can assist you if you decide to challenge any debts or payments that you may or may not owe. It is especially important to have a lawyer on your side if you do not believe that you owe what the collectors are saying that you owe.
Bankruptcy should not be a first choice. If you find yourself in a situation where someone is trying to garnish your wages, there may be other options available to you before you opt to file for bankruptcy.