When creditors feel as if they might never receive another payment, they often take drastic measures. These measures can include wage garnishment and bank account levies. If this has happened to you, you need to act fast to contact a skilled lawyer and object to the levy.
At the Law Office of Becky A. Moshier, I have extensive experience representing clients in financial difficulty. Often, an event such as divorce, job loss or medical emergency has devastated a family’s finances. When creditors become worried that their debt will go unpaid, you often start seeing creditor harassment, lawsuits and garnishment. Contact an experienced bank levies garnishment attorney to discuss your situation and your options.
In many ways, it feels like the ultimate conundrum — you are having trouble paying your bills, so a creditor sues you to take up to 25 percent of your paycheck for certain bills. This leaves you even less money to pay your remaining bills and still live your life. It’s no wonder that once they start, people feel that their money troubles spiral out of control. Fortunately, the government has created the Bankruptcy Code to help you get out of trouble and start a new financial life.
Once creditors’ frustrations reach a certain level, they will attempt to get their money from you by taking you to court. If a judge rules against you, you could face wage garnishment of up to 25 percent of your take-home pay. This means that a quarter of your paycheck would immediately be removed and sent to your creditor. This leaves you a great deal less money to pay other creditors, buy gasoline, buy groceries or simply live your life.
As a knowledgeable wage garnishment attorney, I have guided clients to new beginnings since 1991. As soon as you feel your control start to slip away, you should schedule a confidential consultation at the Law Office of Becky A. Moshier.
If you file Chapter 7 or Chapter 13, the automatic stay immediately goes into effect. The automatic stay ends creditor harassment and halts wage garnishment. It is wise to consider this option sooner rather than later so you do not end up incurring unnecessary expenses on your road to financial recovery.
What is most disturbing is the fact that these levies can occur in secret. You will get a letter from your bank stating that your account is being frozen. You have limited time to react and object to the judgment. Some of your money is exempt, but losing a significant portion of your bank account will cause more problems.
Due to the very nature of these types of bank levies, it can happen at the worst possible moment. If you have received a bonus paycheck or your tax refund, that money might get frozen. As soon as you feel pressured in your financial situation, it is wise to contact an experienced attorney. Bankruptcy might give you the chance to escape your crushing debt and work toward a more secure financial future.