Having you been having a hard time paying all of your living expenses because your wages are being garnished to pay off a debt? You might be able to get out of wage garnishment if you hire a lawyer and tell him or her about the financial crisis that you are in. This article will go over some of the ways that a lawyer can help you bring the wage garnishment judgment against you under control so you can have more money for your living expenses.
An Agreement Can Be Discussed with the Creditor
A lawyer will try to negotiate a deal with the creditor that is garnishing your wages. He or she will be strategic when explaining why a smaller amount of money should be garnished. For instance, the lawyer will explain to the creditor how wage garnishment is affecting your life. If you are thinking about quitting your job because it seems as though you are working for nothing, the lawyer will let the creditor know your intentions. It is possible that the creditor will be more willing to negotiate a deal if it means that you will not quit your job, as no job means that no payments will be made at all.
Chapter 13 Bankruptcy Might Be Discussed
If you owe a large debt that can take years to get paid off before wage garnishment is stopped, a lawyer might suggest that you file for Chapter 13 bankruptcy. Basically, Chapter 13 bankruptcy will not allow the debt to be forgiven, but it will give you more time to pay it off so you won't have to struggle financially. Chapter 13 bankruptcy will also put an end to your wages being garnished and allow you to pay the creditor based on a schedule that is approved by a judge.
Your Debt Might Be Forgiven Altogether
Depending on the amount of debts that you owe, a lawyer might recommend that Chapter 7 bankruptcy is filed. The bad thing about Chapter 7 bankruptcy is that it can harm your credit score for many years after you have filed. However, you will also have the opportunity to stop wage garnishment and not have to worry about paying the debt off. You can then work on building your credit back up and have the money that you need to support your living. Talk to a lawyer about the judgment against you for wage garnishment so he or she can help you come up with a good solution. Contact a local lawyer, such as Sinsheimer, Stuart J, to learn more about how collections law works.