Are Creditors Raiding Your Paycheck?
Payday! We look forward to it — plan for it — count on it. However, if your creditors are diligent and aggressive, they may be garnishing your wages. Wage garnishment is a legal option for creditors to pursue, but there are options if you need to put a stop to it.
At Joyner Law Office, we understand how to stop wage garnishment. Your wages can be withheld by a creditor, by the state for past due child support or alimony, by the IRS for taxes you owe, or by the payday loan company that is charging you an outrageous interest rate. However, a bankruptcy filing puts an immediate halt to wage garnishment.
Things You Should Know About Stopping Wage Garnishment
As a bankruptcy lawyer, Veronica D. Joyner has helped a number of Chicago residents who were dismayed by having their wages taken by creditors. There are several options available, and we can help you decide which one is right for you.
- Chapter 7 bankruptcy — All of your eligible debts are discharged (forgiven) with a few exceptions. Wage garnishment stops immediately upon filing.
- Chapter 13 bankruptcy — Through a repayment plan, you repay a portion of your debts to a trustee. Wage garnishment stops immediately upon filing.
- Loan modification — Some creditors will stop wage garnishment if you work out a repayment plan. We can help you explore this option.
Even with a bankruptcy filing, some debts must be paid in full. Those debts include past due child support or alimony, taxes, fees and fines owed to the state, school loans and a few other types of debt. Even so, wage garnishment stops immediately upon filing.
When Does Wage Garnishment Stop?
It stops immediately upon filing, which means that your next pay period should not have any wages withheld. If your employer withholds wages by mistake, that money must be returned to you.
Act Now to Stop Wage Garnishment
If you are feeling stressed or desperate due to overwhelming debt and wage garnishment, Joyner Law Firm can help. Our firm focuses on bankruptcy law and other debt relief methods available in Illinois. Call our toll free number, 888-675-4569, or send us an e-mail to schedule an initial free consultation with an attorney.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
