How to Stop Wage Garnishment in Memphis
When you can’t afford to pay your bills, you definitely can’t afford to lose 25% of your paycheck. But fortunately, you can stop wage garnishment in Memphis, no money down.
Wage garnishment takes as much as a quarter of your income straight from your paycheck to cover your debts. It can include high fees and interest, so you pay even more than you actually owe. Some wage garnishments can last for years.
But bankruptcy stops wage garnishment immediately. In fact, bankruptcy is one of the only ways to stop wage garnishment, because it has the power of federal law behind it.
At our Memphis bankruptcy firm, you can stop wage garnishment with no money down. We offer a program to help you file now and pay later through a repayment plan.
Tips for Dealing with Wage Garnishment
Having money automatically taken from your paycheck due to wage garnishment can be financially devastating and revoke your right to your own money that you worked hard to earn, and you may have to fight to stop wage garnishment in Memphis. Depending on the details of your circumstances, you may have legal options to pursue in order to keep the entirety of your paycheck every month. If you almost dread payday because you know you will be losing money that you worked hard for, don’t wait to speak with a wage garnishment lawyer about what options you may have. Call us today to schedule a consultation.
- Don’t Ignore the Notices
If you have received any notices from your employer, the IRS, or another government agency, do not ignore it. This means that it is time to talk with a lawyer and take action. They will likely move forward with the garnishment if you do nothing, and you won’t know your options until you talk with a lawyer. Doing nothing will NOT make it go away, make sure to take the notices seriously. - Consider a Payment Plan
Before the extreme measure of wage garnishment is taken to pay your debts, you may be given the option to create a payment plan. This could be an option for you to consider because it will allow you to keep control of your money and finances while also taking action to get out from under this debt. - Bankruptcy Could Help
For many people bankruptcy is considered the worst possible thing when it comes to finances, but that is not always the case. Bankruptcy can actually be beneficial for some people when they find themselves in a difficult financial situation that they can’t seem to get ahead of. Bankruptcy could help you restructure your personal finances, but it is wise to speak with a bankruptcy or wage garnishment lawyer before you make any decisions so that you can know what all will be involved before moving forward. - Work with a Lawyer
For any type of legal situation, it is recommended that you work with a lawyer who is experienced in that particular type of law, and the same is true for legal situations like wage garnishment and bankruptcy. When you need to stop wage garnishment in Memphis, do yourself a favor and find a trustworthy lawyer to provide you with the legal guidance necessary.
How a Lawyer Can Help
Losing some of your paycheck to wage garnishment could lead you to financial ruin, but it may be difficult to put a stop to it on your own. A lawyer who is experienced in the legal system can help you with Memphis wage garnishment and keep your money in your wallet where it belongs. Don’t hesitate to get one of our lawyers from Darrel Castle & Associates working for you and defending you and your right to your paycheck. There is no need to wait to give us a call to schedule a consultation to discuss your particular situation and the details of your legal needs. Call us today!
So why waste your paycheck when you can stop it with no money down?
Our attorneys take wage garnishment very seriously. We can help you stop a garnishment or prevent it before it starts. Contact us online or call (901) 327-2100 today to discuss your situation, free of charge.
Frequently Asked Questions | Wage Garnishment
If you are researching ways to stop wage garnishment in Memphis, the dedicated attorneys of Darrell Castle & Associates are here to guide you. The following are frequently asked wage garnishment questions to consider during the preliminary stages of your research. A qualified attorney from our firm will be able to give you accurate advice for your specific financial situation.
What are common reasons someone may have their wages garnished?
- Unpaid Taxes: If someone owes back taxes to the government, their wages may be garnished until the debt is paid.
- Unpaid Debts: If someone owes money on a debt, such as credit card debt or a student loan, their wages may be garnished until the debt is paid.
- Child Support: If someone is ordered by a court to pay child support and they fail to do so, their wages may be garnished.
- Court-Ordered Judgments: If someone loses a lawsuit and is ordered by a court to pay damages or other fees, their wages may be garnished until the judgment is satisfied.
What strategies can a lawyer use to help stop wage garnishment?
If someone’s wages are being garnished, our lawyers can help by employing various strategies to stop or reduce the garnishment. Some of these strategies may include:
- Negotiating with the Creditor
- Filing for bankruptcy
- Challenging the debt
- Requesting a hearing
- Offering alternative repayment plans
Please note that the strategies a lawyer may use to stop wage garnishment will depend on the specific circumstances of the case, and a lawyer will typically advise their client on the best course of action based on their individual situation.
What are the consequences of ignoring notices of wage garnishment?
- Increased Debt: Accruing interest, fees, and other charges may result in a significant increase in the total amount owed
- Damaged Credit Score: Wage garnishment will be reported on the debtor’s credit report and can have a negative impact on their credit score.
- Legal Action: The creditor may take legal action to collect the debt.
- Loss of Employment: Some employers may terminate employees who have their wages garnished.
- Negative Impact on Personal Finances: Wage garnishment can make it more difficult to meet other financial obligations.
What are common positive aspects of bankruptcy?
- A Fresh Start: Bankruptcy can provide individuals or businesses with a fresh start and a chance to regain control of their finances.
- Debt Relief: Bankruptcy can discharge or reduce certain types of debt, such as credit card debt and medical bills.
- Automatic Stay: An automatic stay stops most debt collection activities, including wage garnishment, foreclosure, and creditor calls and letters.
Area residents may be able to stop wage garnishment in Memphis by filing for bankruptcy.
What are the long term implications of wage garnishment?
Wage garnishment occurs when a portion of an individual’s earnings is withheld by their employer to pay off a debt they owe. The long-term implications of wage garnishment can be significant and depend on various factors, including the amount of debt owed, the duration of the garnishment period, and the individual’s financial situation.
- Reduced disposable income.
- Damage to credit score.
- Legal consequences.
- Social stigma.
- Difficulty finding employment.
The long-term implications of wage garnishment can be severe and can have a significant impact on an individual’s financial well-being, credit score, and personal relationships. It is important to take steps to stop wage garnishment in Memphis before things escalate any further. Contact Darrell Castle & Associates to schedule a free consultation today.