Wage Garnishment & Bank Levies
Get Help From a Bankruptcy Attorney in Torrance
Did you know that if you are unable to pay your debts, creditors can take
money out of your paychecks and even wipe out your entire bank account? At the
Law Offices of James C. Shields, we help people avoid these harsh debt collection tactics with the protections of
Chapter 7 and
bankruptcy. Our skilled lawyers will work for you to ensure your hard-earned money
remains in your pocket.
Stopping Wage Garnishment
If you are in debt and a creditor receives a judgment against you, that
creditor can garnish your wages by up to 25 percent of the amount over
the federal minimum wage that you earn that is not otherwise exempt. For
people already struggling with debt, this can be a devastating turn of events.
At our Torrance bankruptcy law firm, the Law Offices of James C. Shields,
we help people facing wage garnishment.
Defense Against Bank Levies in California
Another creditor action is freezing bank accounts to pay debts. To collect
money from your bank account, a creditor who receives a judgment against
you must obtain a Writ of Execution from the court, then go through the
sheriff to enforce the levy. Unlike garnishment, there is no limit to
the amount that can be taken in a bank levy. Creditors can take everything
you have up to the amount you owe, plus court fees.
Fortunately, certain assets are protected under state and federal law.
A creditor generally cannot lay claim to these funds, even if they have
obtained access to your account through a bank levy. You can protect or
even recover various incomes and funds by filing a claim of exemption.
With a claim of exemption, you can protect the following benefits:
- Social Security
- Veterans' benefits
- Supplemental Security Income
- Worker's compensation
- Student loans
Debt collection agencies must follow specific guidelines when making a
collection. If they fail to do this, you can take legal steps to protect
yourself. A seasoned attorney can help you discover your options for combatting
the harmful effects of a bank levy and other types of debt collection.
Protect Yourself — Schedule Your Free Consultation Today!
Filing for Chapter 7 bankruptcy or Chapter 13 bankruptcy will stop both
wage garnishment and bank levies. Our bankruptcy attorneys have extensive
experience using the protections of the bankruptcy code to help our clients
keep their money. Whatever situation you are in, we can tailor a legal
approach to meet your specific needs.
Are you facing wage garnishment or a bank account levy? We can help you
seek quick debt relief. Seek our help today by calling (888) 910-6652
or schedule your
free initial consultation.