Earlier this week, the governor’s orders preventing wage garnishments and bank levies started to expire. There are still some limitations in place, but as far as creditors are concerned, they can start taking your money NOW!
Garnishments are awful. No one wants to wake up one day to find their bank accounts empty or be told by their employer that they’re not getting their full paycheck.
Why are garnishments are back?
During the pandemic, most types of debt collection were “on pause”, people were on unemployment or just not making as much money. Now that the vaccine is out, and widely available, things are opening back up… along with garnishments.
How quickly can someone garnish my money?
If a creditor already has a judgment against you, even more than 10 years ago, they can garnish right now! They can take money out of your bank account without any notice and they can garnish your wages while only giving notice to your employer.
How do I stop a garnishment?
There’s really only two ways to stop a garnishment: 1. you can pay back the debt you owe. 2. you can file a bankruptcy to get rid of the debt and immediately stop the garnishment.
Can I get garnished money back?
There is still a chance for you to get some of that money back, but you need to call a bankruptcy attorney now! There’s a time limit on getting money back through the bankruptcy process. So if your money’s being garnished, call 612-824-4357 and schedule with an attorney. Bankruptcy stops garnishment.