Once creditors obtain a judgment against you, they can garnish your wages up to twenty-five percent (25%), taking all of the money out of your bank accounts until that judgment debt is satisfied. If you are employed as a contractor, the creditor can intercept your entire paycheck until the money you owe them is paid in full. Often times, this happens without any prior notification. And when there is prior notification, it is usually only a few days in advance of the garnishment.
There is no question that garnishments can be absolutely devastating. In fact, garnishment is often cited as the main reason someone files for bankruptcy. But don’t just be satisfied with stopping the garnishment. With Husker Law, powered by the Law Office of Sands Wegner, PLC, on your side you may just be able to take your money back. This may be hard for you to believe, but if you have had at least $600 garnished or seized from your bank accounts prior to filing bankruptcy, we may be able to get that money back from the creditor and into your pocket.
Here is how Husker Law works toward this goal: When any one single creditor receives payments in excess of $600 within ninety (90) days prior to your bankruptcy filing this is considered a preferential payment. The bankruptcy trustee will request all monies paid to the creditor, that are greater than $600, to be handed over to the trustee for the equal distribution among all of your creditors. That being said, if you are being represented byHusker Law, powered by the Law Office of Sands Wegner, PLC, we will examine your case and do our best to have that hard earned money handed back to you and not your creditors.
There are many details regarding your specific financial situation and assets that need to be carefully reviewed before it can be determined that bankruptcy is in your best interest. During your free initial consultation with our firm, it can usually be determined if you would be eligible to receive back the hard earned money that was obtained via garnishment within the ninety days prior to your bankruptcy filing.