The basics of wage garnishment

When you are facing debt that you cannot pay, the best thing you can do is act early, talk to creditors and consider bankruptcy. Otherwise, if you ignore and fail to pay your debt, your employer may start to withhold some of your wages because of a court judgment.

The last resort of debt collection

Generally, wage garnishment is the last step that debt collectors take. If you notice your wages are being withheld, you are probably in deep trouble. Wage garnishment usually occurs after the creditor determines it cannot recover the debt. your wages can only be garnished if the creditor files a lawsuit against you. If the lawsuit is successful, the court may issue a judgment that approves the withholding of your wages, bank accounts or property.

Tackle the issue head-on

If you receive notices of wage garnishment, you may try to deal with it the same way you deal with your debt, which is by ignoring it. It can be stressful to communicate with creditors and come to terms with your financial troubles. You may want to bury your head in the sand and pretend this is not happening. However, this will not stop the issue from getting worse. You should try your best to pay back your debt or look into filing bankruptcy.

Bankruptcy can help

While declaring bankruptcy may sound scary, it may be the best thing for you to do if you are suffering from wage garnishment. When you declare bankruptcy, a federal order will overrule the garnishment judgment. Do not be afraid to consider bankruptcy to stop wage garnishment.