In answer to the title question, they can take your pay and it happens all the time. You are probably a hard worker and need every penny you earn. However, thanks to a creditor, you could be taking home a lot less money than before. Unfortunately, wage garnishment practices are one of those punitive actions that can make consumers feel like they will never get their bills caught up. Perhaps it's time you consider making a big move and starting over.
Creditors Move in and Take Over
When you owe money, you may only realize how heartless a business can be when you begin falling behind on bills. If you don't get caught up in time, creditors can take consumers to court and attain what is known as a judgment. Along with court judgments, creditors can come away from court with the power to place liens on a debtor's private property, intercept income tax refunds, and help themselves to a certain portion of their paycheck. What can be done?
Consider Chapter 7 Bankruptcy
There is only one thing to do when creditors attack you this way. Most consumers, unless they come into an inheritance or win the lottery, are unable to ever get caught up enough to turn things around once punitive measures like wage garnishments are in place. That means the debtor's pay is decreased for things like food and more and that their credit is now ruined. Bankruptcy ends all that stuff and allows the debtor to make a new and better start. With a federal filing, creditors must stop any collections activities. This is what it can mean for many:
The above actions can be a reality for you once you file Chapter 7. To find out more, speak to a bankruptcy lawyer.
For more information on Chapter 7 bankruptcy, contact a company like Ozment Law PA.
After being involved in a serious auto accident with a drunk driver, I struggled heavily with getting the driver's insurance company to open a claim. When the insurance company started pushing back, I knew I needed to do something. I spent a lot of time digging through the laws surrounding auto accident claims so that I knew what my legal rights were. I even talked with an auto accident attorney. I created this site to teach others about what I learned, including my court experience. I hope it helps you to determine how you should proceed with your auto accident case.