Stop that Wage Garnishment!
Are your wages in danger of being garnished? It is not that long to happen if you do not have the money to pay your debt. You have to think about the consequences if you have are ignoring your debt most especially if your creditor plans to file for a wage garnishment. If your salary is under a wage garnishment, is your remaining salary enough to pay for your rent or your monthly bills? If not then you need to look for a solution in order to avoid wage garnishment. There are a lot of options so that you can settle your debt however there are 3 options that stand out the most:
1) – Contact your creditor and arrange a payment plan.
By contacting your creditors and arrange for your payments there is a chance that you can avoid wage garnishment however you have to make sure that you have to do your part in making sure that you follow what you and creditors agreed upon. However there are times that the creditors are too hard in giving you a chance because of the broken promise. That is why you need to prove yourself that you are willing to repay your debt without going through a wage garnishment and also make sure that you can afford the amount that you have to pay every month.
2) – File for a claim of exemption
You need the assistance of a tax attorney or any tax professional so that you can file for a claim of exemption in order to eliminate or dissolve your debt for good. By filing for a claim of exemption you need documents to prove that you do not have the means to pay your debt in full amount especially if your salary is under a wage garnishment. If you really want to save your salary as well as avoid wage garnishment you need to fight it out into court so that if you will be given the approval of claim of exemption your creditors has no longer the right to control your salary. You need to hire the best tax attorney that you can find in order to win the case that can eliminate your debt.
3) – Filing for bankruptcy
If you really have a hard time coming up with the money to pay off your debt and you do not have other means to stop wage garnishment to happen, you can file for bankruptcy. Although this is the best way for your debt to disappear but you have to make sure that your decision is right for the reason that you are no longer has the credibility when it comes to borrowing money from the bank or to any credit company.
If your salary is in danger to be under a wage garnishment you need to find ways to prevent it to happen. It is essential to avoid wage garnishment at all cost because your salary will be under the control of your creditor until you can pay off all your debt. Ask your tax attorney to help you find resolution to your debt as well as on how to prevent wage garnishment to happen to your salary.
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