Money is already tight. How are you going to pay your other bills when a creditor is grabbing a big chunk of every paycheck? Garnishment only creates more stress and new financial problems.
You CAN do something. Filing for bankruptcy will prevent wage garnishment or stop those creditors from taking any more of your money. It may even be possible to get back funds that were recently garnished.
Relief Is A Phone Call Away · 312-767-5136
We will explain your rights in a free consultation. Our Chicago bankruptcy attorneys can file your case quickly to halt or head off garnishment of your paycheck or liens against your bank account or assets.
Creditor Relief Through Bankruptcy
Robert J. Adams & Associates serves Chicago and the surrounding communities of Cook and Lake counties. We help honest and hardworking people get relief through Chapter 7 and Chapter 13 bankruptcy. Our attorneys regularly get calls from panicked wage earners who are facing:
- Wage garnishment — Under Illinois law, creditors can seek a court order to take up to 15 percent of your gross wages. If you earn $2,000 a month, for example, that's $300 off the top of your paycheck. After taxes and garnishment, you would be left with net pay of only $1,200 to cover your rent, car payment, child care, groceries and other expenses.
- Bank garnishment — As an alternative to garnishment through your employer, creditors can pursue debt repayment directly through your bank or credit union. They can lay claim to current funds in your account or against future deposits. Some funds are exempt, such as government benefits, and creditors cannot take all of your money. But they will freeze your account and squeeze every dime they can.
Filing for bankruptcy stops creditor actions, period. Creditors cannot continue to pursue court orders for garnishments or liens. They cannot continue an existing garnishment. They cannot harass or threaten you by phone or demand payment.
Get Relief From Garnishment Today
Once you are under the protection of the Bankruptcy Court, you will not have to worry about garnishment. Those debts are either forgiven (Chapter 7) or restructured and paid over time (Chapter 13).
In many cases, our lawyers can file your petition the same day to immediately stop garnishment, repossession and other collection actions. Contact us today to arrange a free bankruptcy consultation at our offices in Chicago or Waukegan. We offer no money down filing for clients who qualify.