Dealing With Judgments And Lawsuits

If you have fallen behind on your bills, you could be facing increasingly serious consequences, from lawsuits and judgments to wage garnishment and levies. Filing bankruptcy puts an immediate stop to all of these debt collection activities.

I'm attorney Steven Bilsky, and I have more than 39 years of experience helping clients in western Tennessee file bankruptcy.

Stopping Debt Collection

Filing bankruptcy puts into effect what is called an "automatic stay," which in most cases puts a stop to your creditors' efforts to collect on your debts. Depending on the facts of your case, bankruptcy may:

  • Stop garnishment of your wages
  • Stop levies on your bank accounts
  • Stop lawsuits against you from moving forward
  • Eliminate or reduce most unsecured judgments

Wage garnishment is a particularly threatening debt collection tactic. Because the order forces your employer to remove money from your paycheck before you receive it, it can limit the amount of cash you have available to pay other bills. Bankruptcy can prevent this and allow you the flexibility you need to prioritize what is important.

If you've received a notice of wage garnishment, you should contact a bankruptcy lawyer right away. Once your wages have been garnished, it may or may not be possible for you to get the money back.

Bankruptcy Can Help You Manage Your Debts

A bankruptcy can give you the time to determine your priorities. However, bankruptcy's power is not unlimited. For instance, bankruptcy does not eliminate or suspend your obligation to pay child support or spousal support (alimony).

Contact Me For Help

I help my clients understand their options. To discuss whether bankruptcy can be used to stop garnishments, judgments and lawsuits in your specific case, call my Memphis office at 901-525-6692 or use my online form.

The Law Office of Steven F. Bilsky is a debt relief agency that helps people file for bankruptcy relief under the Bankruptcy Code.