Avoiding Wage Garnishment
With today’s economy, falling into a financial rut is hard to avoid; however, defaulting on loans and paying bills late can have serious repercussions. In some cases, creditors may try to garnish your wages in order to receive the money you owe. Wage garnishment is intrusive but, if properly handled, can be avoided in most cases.
If you or someone you know is struggling to stay financially afloat, you may want to consider filing for bankruptcy. Contact the West Palm Beach bankruptcy attorneys of Eric N. Klein & Associates, P.A. to learn about how bankruptcy can help you. Call 561-353-2800 today to schedule a free initial consultation.
Common Ways of Dodging the Bullet
If your creditors are threatening you with wage garnishment, here are a few tips you can use to handle the situation:
- Contact your creditors directly. Attempt to negotiate a payment plan that is reasonable for both parties.
- Arrange a settlement that you can pay to appease creditors immediately. Oftentimes, this settlement will be much smaller than the total amount you owe.
- If your creditors do receive a court order for wage garnishment, you can challenge it in court.
- Filing for bankruptcy immediately nullifies all court-ordered wage garnishment
In the state of Florida, if the debtor’s income constitutes more than 50% of the family’s income, creditors cannot claim their wages. This law helps protect debtors’ families from being punished, as well.
Contact Us
For more information about how to avoid wage garnishment, contact the West Palm Beach bankruptcy attorneys of Eric N. Klein & Associates, P.A. by calling 561-353-2800 today.
