Stop Wage Garnishment, Avoid Repossessions
Financial problems can quickly spiral out of control. If you don't pay your debts, your creditors (those you owe money to) can legally take a portion of your wages. They can repossess your car or other assets purchased with secured loans. Wage garnishment and repossession leave you even less able to survive financially.
We can make it all stop. The attorneys of Darrell L. Castle & Associates can stop wage garnishment and repossession of assets by filing Chapter 13 bankruptcy or Chapter 7.
Avoid or Stop Garnishments
If you do not pay your bills, the creditor will eventually file a lawsuit against you for nonpayment of debts. They will then take you to court and secure a final judgment against you, which allows them to take up to 25 percent of your wages. This is called wage garnishment.
Filing for bankruptcy stops wage garnishment. Once you file for bankruptcy, new rules apply. Creditors are legally prevented from garnishing your wages or repossessing your assets.
Stop Repossession
Have you fallen behind on your car payments? Has your car been repossessed and sold but you still owe money on the car you no longer possess?
A Chapter 13 bankruptcy can help you keep a vehicle even if you are behind in payments. In some circumstances, you can get a vehicle back from a creditor who has already repossessed it, but has not yet sold it.
Chapter 13 bankruptcy can help lower the monthly payments of an automobile loan. For example, the loan on a car valued at $5,000 with a monthly payment of $350 could possibly be restructured to give you a much lower and more affordable payment.
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To learn how we can help you, please contact Darrell L. Castle & Associates in Memphis. Our lawyers represent clients throughout west Tennessee.
