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Every person has a different situation. Talk to an attorney today about what we can do to help YOU!
The Gaschler Law Firm LLC
600 Seventeenth Street
Suite 2800 South
Denver, CO 80202
(303) 825-0197 Telephone
(303) 539-9823 Fax
Any credit card debt, any tax debt, any old landlord that didn't get paid, a small claims court matter that you lost as judgment, or even a major lawsuit about a car accident can turn into a garnishment. People are often surprised that a credit card debt can turn into a wage garnishment. It's true. All that has to happen is that the credit card company needs to decide to sue you. And now they garnish and it's a done deal.
In Colorado, a creditor with a court judgment can take 25% of your paycheck to pay the debts you owe. That is a HUGE chunk of your monthly income and can be enough to push even the best money managers over the edge.
A bankruptcy will stop a creditor from taking your pay checks. This may be helpful if you have other debts that may try the same route, or your credit is not otherwise pristine and perfect. Filing bankruptcy is a quick, powerful solution that is cheaper than trying to settle the judgment for a lump sum, saving you thousands of dollars.
The first thing to understand is the concept of the "automatic stay" in bankruptcy law. It is the legal mechanism that kicks in the moment your bankruptcy petition and paperwork is filed with the bankruptcy court. As of that moment, no creditor to whom you owe money can contact you any longer. Also at that moment, no one can collect. They cannot garnish your checks and take your money.
Our Colorado bankruptcy attorneys can stop creditors from taking your check!
Is part of your paycheck being withheld to pay creditors?
Having your wages garnished through earnings withholding is embarrassing at best, devastating at worst. More importantly, it can make a bad financial situation even worse. If you are having money problems, having one creditor or lender take your debt off the top of your paycheck makes it harder for you to pay other creditors with what little income is left.
Bankruptcy can STOP Garnishments
Break Free from DEBT!
Experienced Representation in Chapter 7 & Chapter 13 Bankruptcy
Call Today 303-825-0197
A Consumer Law Firm Protecting Colorado's Citizens
The Gaschler Law Firm LLC
