If your income is garnished, the effects can be devasting. In Georgia, a judgment creditor can garnish your wages up to 25% of your disposable income, or the income you receive after paying taxes, medical insurance, and 401k savings. The ability to pay necessary expenses such as housing, food, and clothing are often directly impacted.
Fortunately, filing bankruptcy immediately stops garnishment and often discharges the amount owed pursuant to the judgment. Plus, any money that was taken from you through wage garnishment in the three months prior to filing bankruptcy can be recovered. So with either Chapter 7 bankruptcy or Chapter 13 bankruptcy, you can stop the garnishment in its tracks and get back the money that was taken from you.
If you are being garnished for child support, alimony, or student loans, these debts are non-dischargeable. While bankruptcy will effectively stop the garnishment, you are still required to pay these debts back.
Contact us today at 404-889-8663 or fill in the contact information below to explore your options. Schedule a FREE consultation with an Atlanta bankruptcy attorney.