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.

The merits of hiring a bankruptcy attorney lawyer Detroit-Michigan

The Pros of Hiring a Bankruptcy Attorney

A bankruptcy lawyer can be described as a legal professional who will guide and counsel you with respect to your financial state. The attorney at A Better Way Bankruptcy has been practicing bankruptcy for over 23 years.

Experienced bankruptcy attorney

Best bankruptcy attorney

A bankruptcy attorney plays a crucial role in advising individuals who are in financial crisis and they assist people in filing for bankruptcy under the Bankruptcy Code; they give advice on which chapter of bankruptcy is best for you and if you need to file bankruptcy at all. If you file your bankruptcy alone, you may face issues and not know how to resolve them and you may not receive a discharge in the end. It is, therefore, advisable that you get an experienced bankruptcy attorney since he or she is conversant with every aspect of the law.

 There are advantages of hiring an experienced bankruptcy lawyer. These are explained below;

  1. The bankruptcy attorney will assess your situation and give you the right action to take.
    1. They may advise you not to file a bankruptcy case at all if it isn’t in your best interest.
  2. They advise the client on the bankruptcy chapter that is right for them.
  3. An experienced bankruptcy attorney has built a rapport with the trustees and judges.
  4. They are up to date on the laws and any changes to the laws, or to the local rules that govern your case.
  5. They know of all the deadlines and requirements of each case and can anticipate potential issues before they become a problem.

A Better Way Bankruptcy’s attorney, with more than 23 years of experience, can help you with all of those items listed above. Don’t go through it alone. Let A Better Way Bankruptcy help guide you through the process and help you get a fresh start.

To set up your FREE initial CONSULTATION for your affordable bankruptcy…

ERASE YOUR BILLS

                 Call NOW 1-844-ERASE-BILLS 

 


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