One of the more aggressive ways creditors can go about collecting on unpaid debts is to secure a court order for the garnishment of your wages. If you have failed to pay your debt, according to the terms of your agreement, and your creditor has taken various actions to get payment, including calling, sending collection notices, your creditor does have the legal right to petition for court-ordered wage garnishment in an effort to guarantee they receive full payment on your debt. Should the court approve this, you stand to lose up to 25% of your weekly income. Such a loss of income could seriously affect your ability to be able to provide for your family, much less pay the remainder of your monthly bills and expenses.
The most effective way to protect your assets from wage garnishment is to consult with a skilled bankruptcy lawyer at the Law Offices of Marshall D. Schultz. Over the last 33 years, our firm has helped tens of thousands of individuals successfully file for bankruptcy and get their financial situations under control. When facing wage garnishment, however, the time to act is now. Whether you file for Chapter 7 bankruptcy, Chapter 11 bankruptcy, or one of the many alternatives to bankruptcy, our firm is dedicated to providing you with the collections defense you need to protect your assets and income, and help get you on the road to financial freedom.
We know that being harassed by creditors and losing part of your paycheck can be an extremely stressful experience. Contact an experienced Detroit bankruptcy attorney at our firm today so we can review your financial situation and advise you on how best to proceed.