Long Island Bankruptcy Lawyers
Wage Garnishment
If you are losing money out of your paychecks because of wage garnishments, it can be a very frustrating thing to deal with. Luckily, with the help of an experienced attorney there are ways you can end this cycle. Any time a creditor wins a judgment against a person, they can take a percentage of your wages and put the money towards satisfying the total debt. Even though this system was implemented with the purpose of repaying certain lenders or creditors, it can significantly reduce a person’s income, making it difficult for them to pay off other debts and cover other expenses in their life. Sometimes the reduced wages are enough to land a person in further debt, and in these cases it is especially important to take action before financial ruin occurs.
At Jacoby & Jacoby, our lawyers can help stop wage garnishment by helping you declare bankruptcy. Bankruptcy is a good option for people who are having their wages garnished because it offers a fresh financial start. With the help of a Long Island bankruptcy attorney, you can get a grasp on your finances and stop suffering the reduced pay imposed by a wage garnishment. Some individuals just need to make a fresh start by declaring Chapter 7 bankruptcy, while others just need the opportunity to make the proper arrangements to pay off their debt though Chapter 13 bankruptcy, but whatever your particular needs are, an attorney will help you make the choice that is best for your future.
Wage Garnishment Attorneys in Long Island
When creditors obtain judgments against individuals for unpaid debt, they can garnish up to 25 percent of their net wages to pay off the debt. This is an alarming percentage which has the capability of causing great financial distress in a person’s life. We strongly urge you to take control of your financial future by speaking with a lawyer at our Long Island firm about how you can put an end to wage garnishment.
Contact a Long Island Bankruptcy Lawyer at Jacoby & Jacoby today to discuss wage garnishment!
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