STOP Wage Garnishment in Michigan by Filing Bankruptcy

How Bankruptcy helps to STOP Wage Garnishment in Michigan ?

Stop Wage Garnishment today in michigan

Wage garnishment or holding back a portion of your periodic payment to pay your creditors is a situation that is not at all desirable by anyone. You may feel that you cannot control the situation and is bound to give in to the collection process of your creditors but there are several ways in which you can prevent wage garnishment with the help of filing for bankruptcy.

How does Chapter 7 help with Wage Garnishment in Michigan ?

The moment you file for bankruptcy under chapter 7 and your petition is submitted with the court , the “Automatic Stay” is put into action which immediately prevents any collection procedure on the part of the creditors. Hence, they cannot continue with wage garnishment any longer which is also a type of collection action. However the creditor can ask the court to remove the Automatic stay. Though in most cases, it is not approved by the court, but if it is approved then the creditor can once again continue with the wage garnishment.

How long my wages are going to be protected with the help of the Automatic Stay ?

If you have a past recent record of bankruptcy, then your automatic stay will last for a short time after which you will be liable to wage garnishment again. In case your previous bankruptcy filing was dismissed with a period of one year from the current date of filing bankruptcy, then your Automatic stay will survive for 30 days. If your past record of filing for bankruptcy is more than once in the past year then the automatic stay would not be put to action at all.

Wage Garnishment in Michigan :

If you are from Michigan, according to the respective federal laws of Michigan in particular your wages can be garnished up to 25% of your income excluding taxes and social security. Another alarming point to be kept in mind for a resident of Michigan is that, if your creditor can get hold of your bank or credit union account details, they can seize the entire amount in there through a process called skip tracing.

Key to Stopping Garnishment: Timing your Bankruptcy filing deftly!

The timing is the key to efficiently stop garnishment and suffer nominal or no wage lose at all. You can even get a refund of the wages garnished by your creditors provided that the amount is more than $600 and was garnished within 90 days at most from the time of filing for bankruptcy. In case you file for bankruptcy on the 91st day after a significant amount of wage garnishment, you would not be able to get a refund.

End note:

The most important factor that you should keep in consideration while facing or going through wage garnishment is the timing. Wage garnishment can wreck havoc on your already messed up financial condition but on the brighter side with proper planning you can even recover the lost parts of your wages through bankruptcy. Contact a bankruptcy attorney today before it is too late and seek professional help. You can even contact us at our TOLL FREE  no 1-844-ERASE-BILLS, and book a FREE CONSULTATION with us if you are still in doubt.

Stop Garnishment By Hiring An Experienced Bankruptcy Attorney-Michigan

                            Stop Garnishment Now !!

 

A Better Way Bankruptcy’s experienced attorney can help stop garnishments by filing bankruptcy. With the current economic crisis more and more people find themselves in bankruptcy situations. Whether the garnishment has begun or it is still pending, A Better Way Bankruptcy can help stop it.

It is advisable that one hires a lawyer who has specialized in bankruptcy since you are certain that they will be committed to your case. Those who handle many different types of law may not have sufficient time to analyse your case and give the right guidance. With over 24 years of experience, the attorney at A Better Way Bankruptcy has filed many cases to stop garnishments.

At A Better Way Bankruptcy we will take the time at the free consultation to discuss your situation and determine whether or not you need to file a bankruptcy. In some cases, even with a garnishment filed, a debtor cannot be garnished. If the filing of a bankruptcy is needed, the attorney will determine whether Chapter 7 or Chapter 13 is best to be filed and draft the appropriate documents.

In some cases, our attorney is able to get some of the garnished money returned. It depends on certain factors and he will gladly discuss those with you.

All the details relating to bankruptcy may seem complex but with an experienced attorney, you can understand them well. At A Better Way Bankruptcy we can help stop your garnishment and make filing a bankruptcy easy and hassle free.

To set up your FREE initial CONSULTATION for your Affordable Bankruptcy…

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