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Justin
Joined: 17 Jul 2006
Justin's page
Posts: 1093
25288 Magic Points
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Wed Sep 23, 2009 12:43 pm
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Hi Sussane,
Debts are resolved in 2 ways in bankruptcy. If you file a chapter 7 bankruptcy, then your assets are sold off by the creditor or lender to get the debt amount. Whereas, when you file a chapter 13 bankruptcy, you can pay the debt through a repayment plan with the consent of the lender and the court. However, you will have to do this under the supervision of the court.
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All the Best 
Justin |
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ace
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Tue Sep 29, 2009 10:03 pm
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| will chapter 7 bankruptcy stop my wage garnishment from a creditor |
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carol
Joined: 27 Jun 2006
carol's page
Posts: 1308
28489 Magic Points
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Wed Sep 30, 2009 6:27 am
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Hi ace
Yes, ideally a Chapter 7 should stop wage garnishment. If you file Chapter 7, it will immediately freeze any collection attempts including wage garnishment.
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Carol |
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Wdup
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Fri Oct 23, 2009 6:01 pm
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I have a wage garnishment that im not sure when they're going to start deducting my pay, and i dont know for how long but they said they garnish 75% of my pay per week.. or up to 50 times the amount of minimum wage per hour. the maximum time for the garnishment that they're allowing for repay is 60 days or sooner.
I read from the earlier posts that its maximum 25% .. can someone explain to me why they're trying to take 75%. |
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goodnatured
Joined: 03 Nov 2007
goodnatured's page
Posts: 3733
3 Magic Points
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Mon Oct 26, 2009 12:25 am
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| They will attempt anything that they can get away with, they depend on you or your payroll department not knowing the law. What state are you from, laws vary from state to state, so if you leave that information here then someone will come along and help you out according to your state laws. |
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Wdup
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Mon Oct 26, 2009 1:40 am
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| Nevada. I hear the most is 50% from NV. should I contact the lawyer that sent me the statement and see if I can do anything about it.. or am i having to file the judgment through the court to get it reduced or what not? |
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SHAN
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Subject: How to stop wage garnishment
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Fri Nov 06, 2009 3:50 am
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| Iam through paying off my debt, but the company is still taking my money. What can i do? |
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goodnatured
Joined: 03 Nov 2007
goodnatured's page
Posts: 3733
3 Magic Points
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Fri Nov 06, 2009 11:45 am
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Have you contacted the company and requested that they stop, they may have it on some automatic payment method and not know that it is still coming out.
If this is a payroll garnishment, then you need to contact your payroll department too and ask them what you should do, they may have ran into this before.
If all else fails, contact your state attorney generals office and request that they get involved to help you resolve this. |
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