When you get behind on your bills, creditors have the right to sue to have up to 25% of your paycheck sent directly to them to ensure they get paid. This can take a big chunk out of your monthly income and if it is already hard to make ends meet, this may make it impossible. You can stop this aggressive collecting behavior by filing for bankruptcy. The most important thing is that you act quickly!
Whether you have just found out you are going to have your wages garnished or it has been going on for a while, when you file for bankruptcy this puts an automatic stay on all garnishment. This will prevent creditors from taking your hard-earned money away from you while you regroup and figure out how you are going to deal with your financial situation.
Our attorneys will help you make a plan for your financial future by filing for Chapter 7 or Chapter 13 bankruptcy, depending on your current employment, amount of property you want to try to keep and what you can reasonably pay back to your creditors, if anything. He will sit down with you and do a full evaluation of your life so you have a clear picture going forward of what bankruptcy can offer you in terms of a fresh start.
Unfortunately, we usually cannot get back money that has already been taken from your pay check on the bankruptcy filing date. The bankruptcy will stop the garnishment from being withheld in the future though. Many of our clients are single parents that cannot afford to feed and shelter their family with 25% of their income being seized. One of the most rewarding parts of our job is restoring the income that people desperately need to support their family.
Filing for bankruptcy will not only stop money from being taken out of your paycheck, it will also stop any harassing phone calls you may be receiving from additional creditors. We can help you get your financial life back on track by getting some or all of your debt discharged, depending on what kind of bankruptcy you choose. It is important to note that bankruptcy usually does not eliminate child support, alimony payments or student loan debt. Child support and alimony payments that are being garnished from your wages are not eligible for removal under bankruptcy.
The sooner you call us, the faster we can prevent you from having a garnished wage. Mississippi judges will stop current garnishment but will not allow you to get back any of the money that is already gone. Help yourself by stopping the painful leeching of your hard work and giving yourself a clean financial slate.
Contact The Rollins Law Firm at 601-500-5533 for more information on how we can help you preserve your paycheck.