Are you being garnished our about to be garnished? Merna Law can stop it fast.
What is a Garnishment?
A garnishment is the legal process of recovering the funds due a creditor based on a judgment entered by the court. In laymen’s terms, you owe some money. They sued you. Now the can use the court’s power to involuntarily collect the amount owed by issuing a garnishment summons to your bank or employer to withhold the money.
Bank garnishments are generally more of a problem because the can freezee all the funds in any account attached to your social security number. This includes money in a joint account with your spouse or parents.
Wage garnishments under Virginia law can only withhold 25% of your income.
In the case of both a wage and bank garnishment, the funds are withheld by your bank or payroll service or department and sent to the court that issued the garnishment. The court holds the funds until the court date on the garnishment summons, which is also referred to as the “return date”.
There are a number of things you can do to recover the money taken and halt the garnishment. Don’t wait. Call us today to find out how we can help.
Virginia law provides many options to stop a garnishment & recover your money.
Use Virginia Law To Protect Your Money
Virginia law provides special protection for income such as unemployment, social security, child support, etc. There is also some protection for wage income.
If you are being garnished your credit is already hurting from the missed payments and lawsuits. Bankruptcy is a powerful tool to stop a garnishment and eliminate debt. You have to act quickly.
Settling The Debt
Payment of the judgment will, of course, stop all collection actions. However, most people don’t have the funds to pay in full. Generally, a creditor will not accept payments once a garnishment is in place but it is worth a call.