Jupiter Wage Garnishment Lawyer
Creditors will go to great lengths to be repaid, whether you are late on a few small payments or owe a substantial amount. One of their more humiliating and damaging methods is wage garnishment. This entails part of your wages to be withheld from you, and sent over to the creditor instead. Your employer may see you in a different light once this starts, and may treat you differently than they did before. Wage garnishment could end up hurting your career by forcing you to lose out on promotions or shifts, and this could be coming at a time when you need the financial stability of your job more than ever to get out of the hole that you are currently in. Wage garnishment presents a serious threat to your way of life, and there are better options out there to get out of debt that an attorney can help you with. Our Jupiter wage garnishment lawyers with Nowack & Olson, PLLC can ensure that your wage garnishment is put to an end quickly, or stop it from occurring in the first place.
How Does Wage Garnishments Work?
Once a creditor gets a judgement against you, they can have the court order wage garnishment, which your employer is required to abide by. The specified amount is taken out of your paycheck for typically 120 days (four months). Under the Consumer Credit Protection Act, an employer can garnish up to 25 percent of your weekly wages after withholdings. For people already living paycheck to paycheck, this can quickly spell disaster, as they still have everyday necessities to pay for like gas, food, child care, electricity, heating, rent or mortgage, and other loans. The average American household cannot simply survive on 25 percent less income all of a sudden without making huge, unrealistic sacrifices. Wage garnishment can lead to the person relying on payday loans or other poor choices, which only puts them further in debt. And, for debts like taxes or child support, wage garnishment can be up to 50 percent of a person’s take home pay.
How Does Bankruptcy Help?
Chapter 7 or Chapter 13 bankruptcy can immediately put an end to wage garnishment, as well as all other attempts by creditors to receive payment. By federal law, creditors are barred from taking further action. Once an automatic stay is put in place during bankruptcy, wage garnishment practices cease and desist at once. Bankruptcy can help you breathe a sigh of relief and give you a repayment plan that you can work with.
Call Our Jupiter Wage Garnishment Lawyers Today
The ramifications of the Great Recession are still with us, and wage garnishment is a growing problem. In fact, 7.2 percent of American workers have had their wages garnished, according to CBS News. You do not need to be the victim of wage garnishment or other unfair credit collection practices. Bankruptcy can lay out a long term payment plan that works to get you back on track. Call the Jupiter wage garnishment attorneys of Nowack & Olson today at 888-813-4737.