If you don’t pay your loan payments and other bills, and when you get significantly behind financially, your creditors may file a lawsuit to garnish your wages as a way of getting paid for the money you owe. In many situations, a Washington court will grant the request to garnish your wages.
Wage garnishment can take your bad financial situation and turn it into a nightmare. If you thought it was difficult to keep on top of your family’s living expenses now, just wait until your credits start siphoning money off your paychecks before you can even receive them. Fortunately, there’s a way to put a stop to wage garnishment by filing for Chapter 7 or Chapter 13 bankruptcy.
When you file for bankruptcy, you’ll benefit from immediate protection from creditors trying to recover the money you owe them. This means that creditors cannot harass you by calling your work and home with threatening messages about what will happen if you don’t pay. Furthermore, creditors cannot receive money from your income through wage garnishment.
After filing bankruptcy, all the creditors that have debts covered by your bankruptcy must go through the bankruptcy court in their efforts to get repaid. The bankruptcy court will then manage the process of repaying them as much as it can, either by liquidating certain of your assets in Chapter 7 proceedings or by distributing your scheduled Chapter 13 payments to creditors as you pay them.
Want to know if you can stop wage garnishment by filing for bankruptcy? At the Law Office of Ruth Nelson, our legal team is available to review your case to determine the right strategies for stopping wage garnishment.