When your paycheck is garnished by the either the Internal Revenue Service (IRS), the Department of Workforce Development, or the courts, it can wreak financial havoc in your otherwise stable life. Furthermore, becoming gainfully employed should you lose your current job will be nearly impossible. Although, according to law, employers are not allowed to discriminate against an employee suffering from wage garnishment, disclosing that information on an application before you are hired may raise red flags. On the other hand, if you lie about your wage garnishment on an application to your employer, you could suffer consequences for not being honest.
Ignoring outstanding credit card debt, receiving overpayments in unemployment insurance due to fraud or failure to report earnings, owing back taxes, and unpaid child support or alimony payments can all lead to a wage garnishment. As a result, many people are often embarrassed by the negativity attached to a garnishment and will refuse to seek professional help with their financial situation. Others may feel hopeless about their situation and believe that there is actually no help for their problem. Realistically speaking, ignoring your financial situation may or may not have been the reason that you are suffering from a garnishment to begin with. However, you can stop your wage garnishment and end your financial suffering.
How can I Get Help With My Garnishment?
Under Federal law, any United States citizen has the right to file for Chapter 7 bankruptcy or Chapter 13 bankruptcy if he or she is overwhelmed with debt such as experiencing extreme financial hardship due to a wage garnishment. In Illinois, legally filing for Chapter 7 bankruptcy or Chapter 13 bankruptcy will immediately stop the government from garnishing any more of your paycheck and even end collection calls from creditors or lenders who are seeking to collect debt from calling your home. In some cases, you can even stop the bank from foreclosing on your home. Filing for bankruptcy with the help of a bankruptcy attorney can give you a fresh start at managing your finances and your life.
If you have questions about stopping garnishments from your paychecks or seeking legal solutions to your financial problems, contact an experienced Illinois bankruptcy lawyer to help you understand your available options. Call the bankruptcy lawyers at Newland & Newland, LLP at 312-981-040 for a complimentary evaluation of your situation, or visit us online and complete the consultation form. We serve clients in the Arlington Heights, Palatine, Rolling Meadows, Libertyville, Mundelein, Buffalo Grove, Schaumburg, Elk Grove, and Itasca areas.
(image courtesy of Lucas Favre)