Bankruptcy Attorney for Long Island
When you owe money to a creditor and are not making payments, the creditor may pursue a judgment in order to garnish your wages. You may not even be aware that this is occurring. Instead, you may get your paycheck one day and notice that money is missing! In New York, a creditor may garnish 10% of your wages in order to collect on a debt. Your employer has no choice but to comply with wage garnishment when it is ordered.
The Long Island bankruptcy lawyer at Jacoby & Jacoby can help. If you are the victim of wage garnishment, you may find that now you do not have the money to pay your other bills. An attorney at our firm may be able to help stop wage garnishment. This, coupled with harassment,
freezes on your accounts and other options that your creditors can take, can make your situation seem entirely helpless.
How to Stop Wage Garnishment
Chapter 7 or
Chapter 13 bankruptcy may be the answer to stop angry creditors, unfreeze your bank account and put an end to wage garnishment. Once you file for bankruptcy, creditors must stop seeking payment for the debts you owe. You are immediately protected from threatening phone calls, garnished wages and frozen bank accounts. In a Chapter 7 filing, your debts are discharged. In a Chapter 13 filing, you work out a payment plan that works with your income and expenses, and your debt is discharged after the payment plan is successfully carried out.
By reviewing your unique situation, we can see if bankruptcy is the right option for you, and whether Chapter 7 or 13 would be more beneficial. Because we have extensive experience and knowledge in this area, we can help you make the right decision – that will help you secure a better financial future.