Posts

Bankruptcy vs. Debt Settlement – Which is better?

https://www.youtube.com/watch?v=XEoETAnhoEc Almost everyone considering bankruptcy can and should consider debt settlement as a last ditch effort to avoid bankruptcy. Debt settlement can be preferable to bankruptcy in these types of circumstances: …
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What is a “Garnishment Summons and Disclosure Notice and Exemption Form”

This means that your creditor has served a writ of execution on your bank, and unless the funds are Social Security, in which case the bank is permitted to disregard this pursuant to treasury regulations, the bank will put a freeze on your account,…
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What is a “Demand for Disclosure and Disclosure Form?”

This means that you have gotten to the end of the collection cycle, and the creditor has a judgment and wants to know what your assets are, including where you bank, and what your income is, including the name of your employer. This might come…

How do I cancel automatic withdrawals (ACH) from my bank account?

Many times a client who comes to us has agreed to permit a creditor to withdraw money on a monthly basis from their bank account. Once we file your bankruptcy, this should stop. If you need time to file your case, then we want to stop that pending…
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What is a "Garnishment Exemption Notice and Notice of Intent to Garnish Earnings?"

If you've been served one of these (Garnishment Summons), it means you've probably come to the end of the collections cycle where you need to do something about it. There is a Judgment against you, so rule #1 is to keep your money out of the…
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Can my Spouse’s Judgment Creditor Levy on Funds in Our Joint Account?

Yes, but you if you can prove that the most recent source of funds is your earnings, they will have to give it back. This can be fairly complicated, and they can keep levying on your bank account. The safer course of action would be for you…
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Creditors are trying to garnish my wages, how can I prevent this from happening?

Filing bankruptcy is the short (and best) answer. Of course, sometimes creditors will threaten to garnish, but they can only do so if they have gotten a judgment, and know where you work. So if that’s the case, you are running out of time. If…