Question: I think my debt has caught up with me and I'm facing a garnishment. Now I have a good job but in the past I had some major financial problems. My job as a car salesman didn't work out, and the insurance job didn't pay too well. I wrote a book and the sales were disappointing. I invested in a friend's restaurant and I lost money.
Anyway, I had an old credit card that I thought was forgotten about and I also had a car repo. The credit card was a charge-off. These were from many years ago and now I just found out that I'm looking at a couple of garnishments.
Human resources at my company in Sandy Springs called and said that they are going to start garnishing my check. They said I had some time to take care of the matter but not that much. I need to stop the garnishment. I hope I don't get fired because of the garnishment.
I'm going to need money for car repairs, my mortgage and I want to go hunting in North Georgia for a week. My wife is mad and we might be getting divorced. Now is not a good time to get garnished. What should I do to stop the wage garnishment?
H.N. in Sandy Springs
Answer: Getting garnished is shocking. We get a lot of questions related to garnishments. The only way to stop a garnishment is to file bankruptcy. Once the bankruptcy is filed, the garnishment must, by operation of law, stop. A chapter 7 or chapter 13 will terminate a garnishment.
Each state has different laws regarding garnishments. Some states are more favorable to creditors than others. Georgia is a state that is favorable to creditors.
In emergency situations, we can file a "skeleton" bankruptcy petition. A skeleton has special rules and time constraints, so please call us directly to discuss how it works. It is common for a garnishment to be from an old credit card debt, a car repo or from a foreclosure.
As Sandy Springs bankruptcy attorneys, we're here to help you get out of debt.
Attorneys Bill Sherman and Valerie Sherman and the team at the Sherman Law Group will help you navigate the entire bankruptcy system. We proudly serve the entire Atlanta metro area and North Georgia.