12/30/2022
My top 10 List of why people are filing for bankruptcy in Illinois right now. π₯Έ
6: To stop garnishment of wages or property.βοΈ
Filing for bankruptcy can stop garnishment of your wages or other assets. π
When you file for bankruptcy, an automatic stay goes into effect which prohibits creditors from taking any further action to collect on the debts you owe. This includes garnishment of wages, seizure of assets, or other efforts to collect on the debt!
Your lawyer will use this opportunity to negotiate for better terms with your creditors or, in a lot of cases, completely get rid of the debt all together -- giving you a fresh start. π
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