How Do Wage Garnishments and Chapter 13 Bankruptcy Work?

If you are dealing with a chapter 13 bankruptcy, you are actually trying to pay back at least a little of what you owe to different debtors that you may be dealing with. That being said, you have a lot of things that you need to sort out in the process. How can you make sure that you’re still getting your income at a rate that can help you to survive? And how do wage garnishments and chapter 13 bankruptcy work in the first place? A bankruptcy attorney denver can help you sort that out.

The issue is, if you aren’t paying for bills, you may get wage garnishments that prevent you from getting your income at all. That means that companies are taking your money and using it to pay off your bills instead of allowing you to do that. And in some cases, it’s totally legal for them to take this course of action and deal with whatever you may be doing with.

When you file for chapter 13, you will have a number of options that you can choose from to make it work out. You can pay the necessary payments in increments, like you would have with your bills. And anything that may be related to garnishing your wages is going to stop because you’re in the process of bankruptcy. It provides you with a “stay,” which allows you to keep your money until you get a payment plan worked out.

Whether you have questions about wage garnishments and chapter 13 bankruptcy or anything else in the bankruptcy process, you have a lot of things to consider and explore with the whole thing. Consider taking a look at what is out there and seeing how it could benefit you in the future.