Wage garnishment? Bankruptcy can help

One of the scariest things some people will have to deal with is knowing that their wages are going to be garnished because of debts. This means that your employer has to take money out of your paycheck to cover the court order’s terms. Unfortunately, this isn’t something that goes away quickly.

When you’re swimming in debt, a wage garnishment is often the straw that breaks the camel’s back. There are caps as to how much the wage garnishment can take out of your check. The limit depends on the type of debt you have and your disposable income.

A wage garnishment is usually only done away with when the debt is paid in full. This could be months or even years, depending on how large the debt is and how much is put toward it each payday. You can’t be fired from a job for one wage garnishment; however, that protection isn’t present for subsequent garnishments. This means that coming up with a plan to address your financial strain is imperative.

Some individuals who have a wage garnishment along with other debts might choose to take another avenue for reclaiming their finances. Filing bankruptcy can put a stop to wage garnishments, and it can also help you to get other areas of your finances back in order.



If your wages are already being garnished or if you think they will be soon, exploring bankruptcy might behoove you. Consumers file Chapter 7, which is known as a liquidation bankruptcy, or a Chapter 13, which is a repayment bankruptcy. These have different terms, so you must find out which is a better option for you.