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Can Bankruptcy Stop Wage Garnishment?

The simple answer to this question is “yes,” filing for Bankruptcy can stop wage garnishment. However, there are some exceptions you must be aware of before you decide if bankruptcy is the best solution to your financial problems.

The three primary ways to stop wage garnishment include:

  1. Pay the remaining balance of the debt you owe.
  2. Allow the lender to repossess the security; for example. if you have not made your car payment, the lender would repossess the car.
  3. File for bankruptcy. However, for certain types of debt like Federal and state taxes, student loans, or child support and alimony, these debts are not dischargeable in chapter 7 bankruptcy. These debts will still be owed after you file bankruptcy. However, chapter 13 bankruptcy can often help consolidate or even restructure these types of debts, and more importantly, can stop the garnishment of these debts.

Seek Legal Guidance for Bankruptcy and Wage Garnishment in Baton Rouge

Bankruptcy is a complex area of law. If you face wage garnishment and repossession of your assets, you should contact a bankruptcy lawyer at Grand Law Firm. Our team of experts understands the many intricacies of this legal area, and we can help protect your rights to ensure you do not face unfair or illegal attempts of collections.

Many types of wage garnishments can be stopped by bankruptcy; other types can, at minimum, have a temporary stay place on them to give you time to reestablish your financial foothold. Call the Baton Rouge office of Grand Law Firm to discuss your options and begin a new page in your finances.

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