San Diego Bankruptcy Attorney – San Diego Chapter 7 & 13
As a San Diego bankruptcy attorney, one of the most unknown benefits of a San Diego Chapter 7 or Chapter 13 is its ability to stop wage garnishments. A creditor will often times use wage garnishment in order to seize money in an account or force your employer to pay certain portions of your paycheck directly to it. Further, if the amount of the garnishment exceeds the amount in the account, there is no stopping your creditor from running the account to zero. But, a pure wage garnishment cannot take all the money out of your paycheck. Federal law mandates that a certain portion of your paycheck must go to you so you can live.
By consulting with a San Diego bankruptcy attorney, you may be able to stop the wage garnishments. But, if the money is already taken from your paycheck or certain funds have already be seized, the Chapter 7 or Chapter 13 may not help you.
Of course, there are certain things you can do to protect your money. If you are being threatened with a judgment or already have a judgment entered against you, you must be prepared for the worst. Don’t think your creditors will not try to collect on the debt. If you put funds into an account they are going to be vulnerable and a San Diego bankruptcy won’t get them back once they are in the hands of your creditor. If you don’t have any money, or the money is being held by someone for safe-keeping, the garnishment is not going to effect you much.
If someone has already started to garnish your wages or you believe that someone is about to start, the best thing you can do is call a San Diego bankruptcy attorney for advice. At the Law Office of Harold D. Thompson we have been helping those in financial trouble for over 35 years. We can file a Chapter 7 or Chapter 13 bankruptcy in order to stop wage garnishments. Don’t let creditors get your hard earned money. Call our office TODAY for a free consultation or find out how you can become our client right away!
