The current state of our economy is causing a great deal of strain for numerous individuals in New Jersey and throughout the country. From unemployment to underemployment, to not being paid a living wage, we understand that there are numerous, valid reasons for why you may not be able to pay all of your bills.
Our Morris County wage garnishment attorney at Levine & Levine has been protecting the pocketbooks of individuals throughout the area for decades. We know what creditors can and cannot do in relation to past-due payments. We also know the most efficient and effective steps that can be used to put a stop to creditor actions. Contact our Florham Park law firm or call us at (973) 718-3999 to learn more about our services.
If you owe money to a creditor — most often, a credit card company — and you stop making payments, that creditor has the right to pursue payment from you. The creditor will start a lawsuit against you. At that point, you likely have no defense except that you just do not have the money. The creditor will obtain a judgment against you and a court order stating that you owe it money. Then, the creditor will seek money from you in one of two ways:
Under the second scenario, every time you get paid, some of your paycheck will go to that creditor until the creditor is paid in full. In order for the creditor to obtain this payment, it must first petition the court (a writ of execution) for an order requiring that the employer withhold money from the debtor's paycheck for the purpose of paying the creditor.
While there are limitations on the percentage of an individual's paycheck that a collector is capable of garnishing, for many people, wage garnishment only adds to their financial problems as it restricts the available funds to pay other bills.
The day you file bankruptcy, no creditors have the right to collect or attempt to collect any past-due payments from you. This prevents creditors from obtaining wage garnishment orders, and it stops existing wage garnishments, which puts more money back into your pockets, so you can pay essential bills.
If you qualify for Chapter 7 bankruptcy or Chapter 13 bankruptcy, this is the most efficient and effective way to solve your wage garnishment concerns and deal with debt problems. Our lawyer at our New Jersey law firm will file the proper paperwork for you and walk you through the process. If you do not qualify, there may be bankruptcy alternatives available to you. Our attorney will review your situation and thoroughly discuss your options.
We are here to answer all of your wage garnishment and debt relief questions. Contact our Morris County bankruptcy attorney today to learn more.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.