When you have a debt that you have not paid, you will likely receive frequent communication from the creditor or a debt collector that they have hired. Many people who have no intention of paying back the debt ignore such communication. Those who have become overwhelmed with debt may not even be aware of the extent of their debts, because they have become overwhelmed by their financial struggles.
If a debt is left unpaid for a prolonged period of time, you may be subject to wage garnishment. Wage garnishment is a way for creditors to gain back what they are owed by intercepting your paycheck before you receive it. This can only be done with permission from the courts.
Why am I subject to wage garnishments?
Quite simply, you are subject to wage garnishments because you have not taken action to repay a debt. Likely, you have not made any communication with your creditors when they have sought to gain payment.
How can I stop wage garnishments from occurring?
In the majority of cases, taking action to file for bankruptcy can stop wage garnishments in their tracks. This is because you will likely benefit from an automatic stay. Additionally, a bankruptcy filing can also address the root of the problem because it will help you to pay back your debts over time.
By successfully completing a bankruptcy filing, it is likely that you will benefit from a debt discharge. This will mean that you will be able to live a life free from debts. If you are interested in addressing your debts, you should not delay action.
