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 incrementally until the debt is paid off. Since portions of your paycheck automatically removed, paying for living expenses and other bills can become more difficult. It is also important to note that the wage garnishment will show on your credit report and affect your credit score.
The good news is that there are ways to stop a wage garnishment. The common ways people can end a wage garnishment is 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 can seem like a scary prospect. However, in many cases, it is a great way to start fresh. Some debts can be completely discharged and others 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.
Are you in Southern California and unsure about which direction to take? Call our office to make a consultation appointment today. If you are outside Southern California, contact a professional bankruptcy attorney in your state for more information.