When Creditors Take Part of Your Paycheck
Your paycheck is a symbol of your hard work. You look forward to getting it. More importantly, you count on it to support your family. If you are behind on your debt payments and an aggressive creditor obtains a judgment granting permission to garnish your wages, speak with a knowledgeable attorney to learn about your options.
At the Law Offices of Eric James Homa, PC, we are focused exclusively on helping individuals in Central Illinois find the debt relief they deserve. Our team offers experienced and attentive service at an affordable rate. To arrange a free consultation with a skilled bankruptcy lawyer regarding a wage garnishment issue, call 309-673-5297.
Did You Know?
In Illinois, a creditor must obtain a judgment to garnish your wages. Your income plays a role in the court's decision to issue an order. While not every penny you earn can be garnished, a judgment against you can leave you in serious financial distress.
Your attorney may attempt to work out a payment plan, but that is rarely successful at this stage. Essentially, you have two viable options for avoiding garnishment: pay the debt or file bankruptcy.
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Filing Bankruptcy Stops Wage Garnishment
When you file either Chapter 7 or Chapter 13 bankruptcy, the court issues an automatic stay that prohibits most creditors from pursuing collection actions against you or your property, including wage garnishments.
If you qualify for Chapter 7 bankruptcy, much of your unsecured debt, including credit card bills, medical expenses and payday loans, will be discharged. With Chapter 13 bankruptcy, your attorney can seek a debt repayment plan that stops wage garnishments or allows you to repay a portion of the money due at a time.
Reclaim Your Paycheck
If you are struggling with unmanageable debt and your paycheck or wages are being garnished, we can help. Contact our office to schedule a free initial consultation. While our main office is in Peoria, Illinois, we meet with clients at any of our branch offices throughout Central Illinois including Springfield, Bloomington and Galesburg. If you are unable to come to us, we will meet with you in another location.
