The holiday season can be stressful. This is especially true if you have received a court judgment against you from a creditor. In fact, you are probably worried about your wages being garnished. You are not alone.
What is a Wage Garnishment?
A wage garnishment from a judgment occurs when a court issues an order requiring your employer to withhold a specific amount of money from your paycheck. This money is used to pay off a debt in small installments until the debt is paid off. It is also important to note that the wage garnishment will show on your credit report and affect your credit score. You should also be aware that the IRS can garnish your wages or place a levy to recoup money owed.
How Do I Stop a Wage Garnishment?
You can end a wage garnishment by working directly with a creditor or filing bankruptcy. You should try to negotiate with a creditor to come up with a payment plan. Make sure that you will be able to maintain the plan. Or, you can explain to the court that you feel the garnishment should be reversed.
The idea of bankruptcy may be scary. However, in many cases, it is a great way to start fresh. Did you know that some debts can be completely discharged? Those that cannot be discharged can be greatly reduced. If you are unable to negotiate with the creditor to stop the wage garnishment, you may want to seek out a professional bankruptcy attorney to review your situation.
Need More Information?
At the Law Office of Daniela Romero, we believe in relationships that are based on trust. Before we work together, we would like to get to know you and we would like you to get to know us. We want you to be sure you are the right fit for us and that we are the perfect fit for you. This will allow you to be completely comfortable sharing intimate and difficult details of your case, so we can offer you representation to the fullest extent of the law. Call us today to set up a free consultation.