If you lose your «judgment proof» status because of a change in your financial status, creditors or collectors can seek a judgment and, if successful, also
seek wage garnishment of up to 25 % of your disposable income.
We may even
seek wage garnishment.
You should remember that if your creditor is already
seeking wage garnishment, they could be looking for a repayment schedule that pays off the entire debt owing plus interest.
Another option is to offer to pay a percentage of your debt to a debt collector as a lump sum, which will make it easier for them to get the money than to file lawsuits
seeking wage garnishment.
Not exact matches
By
seeking help from a pro you'll be able to stop
wage garnishment and get out of debt soon.
If a bill collector threatens a
wage garnishment or if a
wage garnishment actually starts, many people decide they have no choice but to
seek the protection of a consumer proposal or a bankruptcy because a bankruptcy or consumer proposal filing immediately stops most types of
wage garnishment.