San Diego Chapter 7 Lawyer – Bankruptcy Attorney In San Diego – San Diego Wage Garnishment
As a bankruptcy attorney in San Diego, I wish we were better able to inform consumers about the benefits of filing bankruptcy in San Diego. One of the most underutilized aspects of a Chapter 7 or Chapter 13 bankruptcy is to stop a wage garnishment. In this post, we want to look at wage garnishments in general and how wage garnishments are effected by filing bankruptcy.
A wage garnishment is a method by which a creditor can collect a debt. It allows your creditor to go down to court, get a judgment and then have the court order your employer to pay a certain portion of your wages directly to the creditor in order to satisfy the debt. Many states to not allow creditors to garnish wages, but in California, it is commonly used. In fact, many studies suggest that in states that allow wage garnishment more people file bankruptcy to avoid it. So, creditors are actually doing themselves a disservice because once consumers seek the help of a San Diego chapter 7 lawyer, all their debts will be wiped out. The creditor collects nothing.
Now, it should be noted that wage garnishments are usually the last resort for creditors. But, they are used. If the creditor does decide to garnish your wages, then they can get up to 25% of your wages. Even if, for example, you have three creditors who seek wage garnishment, they can only go after, collectively, a maximum of 25% of paycheck.
Second, lets talk about the stigma. As a San Diego chapter 7 lawyer, we would submit that a wage garnishment is much more embarrassing than a Chapter 7 bankruptcy. Why? Your employer will most likely never know about your Chapter 7 filing. Further, you can rest assured that your employer CANNOT fire you because you filed for Chapter 7 bankruptcy relief.
There is absolutely no reason for your creditors to take your hard-earned money. Many people just do not believe that Chapter 7 bankruptcy is a option when facing judgment collection. Consumers generally feel that bankruptcy is reserved for foreclosures and credit cards. Not true. The best thing you can do is call a San Diego Chapter 7 lawyer to discuss all your options.
We at the Law Office of Harold D. Thompson are San Diego Chapter 7 lawyers dedicated to helping you get out of financial distress. If your debts are piling up and you are looking for a “fresh start” call a San Diego Chapter 7 attorney that will fight for your rights to stop creditor harassment in San Diego. Bankruptcy fees start as low as $800.00. Don’t be fooled by big advertisers charging thousands of dollars. Call us TODAY at 1.888.590.1773 or visit one of our two websites at San Diego Bankruptcy Lawyers or My San Diego Bankruptcy.
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