Wage garnishment is a negative impact of financial struggles and owing a significant amount of debt. If you find yourself behind on payments and unsure of how you will catch up, you could face certain collections actions such as wage garnishment and much more. This is a threat to your financial well-being and your ability to support your Florida family.
When you learn that there is an order to garnish your wages, that means your employer has received a court order to withhold a portion of your earned income for the purpose of paying back creditors. It feels intrusive and unfair, and you may be wondering what you can do to make it stop. Fortunately, there are options available.
What should you know about garnishment?
Wage garnishment is fairly severe, which means you may only experience this threat if you are significantly behind on your payments. If you have received notice of this or you believe you could face this at some point in the future, it can be helpful to understand how this process works and what you can do to fight back, including the following:
- No matter the amount and type of debt owed, a creditor must schedule a court hearing to initiate the wage garnishment process.
- As the debtor, you have the right to appear at this hearing, which means you should receive notice of time and date.
- Wage garnishment can only affect up to a certain amount of your income. An employer can only withhold up to 25 percent of your disposable income.
- If the wage garnishment is for child support, the percentage can be much higher.
- An employer cannot fire you simply because your wages are being garnished by a creditor.
This process is a way for creditors to collect on owed debts, but people can also face this because of owed child support, student loans, back taxes and more.
Fight back against creditors through bankruptcy
You may feel hopeless, but you can fight back against wage garnishment and other efforts of creditors by filing for bankruptcy. This will enact the automatic stay, which will protect you from further efforts to collect debt.
If you are facing the repercussions of overwhelming debt, you may find it beneficial to start with a complete evaluation of your case in order to understand how bankruptcy could be beneficial for you. You can fight back against your debt and eventually emerge to a stronger financial future.