Debt happens to the best of us. Maybe you lost a job due to the pandemic and are relying on credit cards to keep the lights on. Or maybe you had an unexpected medical emergency that landed you in a mountain of bills you can’t pay off. As a wage garnishment lawyer TN has relied on for over 30 years, I know it’s easy for just about anyone to fall behind on payments. It’s nothing to be ashamed of.
Unfortunately, debt is a self-perpetuating cycle that is next to impossible to get out of on your own. Wage garnishment, in particular, can make you feel like you have nowhere to turn. Fortunately, there’s a way out.
What is wage garnishment?
Wage garnishment is when a certain amount of money is automatically deducted from your paycheck due to a court order. Among other things, creditors can garnish your wages to collect on unpaid credit cards, loans, past due alimony or child support, and back rent.
In Tennessee, a garnishment can take up to 25% of your net pay. If you’re struggling financially, I don’t have to tell you that 25% of a paycheck is money you can’t afford to part with.
Also, wage garnishment can continue until any and all debts are paid off. For someone in serious financial trouble, that could mean years.
But don’t despair, you do not have to suffer from wage garnishment. There is a way out.
The best way to stop wage garnishment is bankruptcy.
A lot of people are under the false impression that bankruptcy will destroy their life. In reality, it can be a lifeline that helps you get your finances back on track. In fact, bankruptcy is the only option that has the power of federal law to require creditors to comply. That means no more creditor calls, no more worry of foreclosure or repossession, and no more fear of wage garnishment.
Whether you file a Chapter 7 bankruptcy to discharge your debt or a Chapter 13 to organize it into affordable monthly payments, bankruptcy can give you relief from even the most seemingly impossible situations.
Talk to a wage garnishment lawyer TN trusts today for FREE.
If you are at all behind on payments, it’s best to seek legal help sooner rather than later. Our team of experienced wage garnishment lawyers are here for you. Give us a call at (901) 327-2100 or contact us online to schedule a free consultation – no strings attached. We will talk through your specific situation and come up with a plan that suits you and your family’s needs.
You can avoid wage garnishment and get back on the road to financial freedom. Contact us today to hear how we can help.