Yes, filing Chapter 7 or Chapter 13 bankruptcy will automatically stop a wage garnishment. If it is a dishcargeable debt (credit card, repossession, medical bill, etc.), then it will be stopped for good. If it is a non-dishchargeable debt (most taxes, student loans, MVA debts), it will be stopped while the bankruptcy is pending (usually […]
I am a big NBA fan and I thought that this was interesting and would share it with you. High Profile NBA Bankruptcies Point guard Kenny Anderson earned an estimated $60 million during his NBA career after playing for nine different teams. He was married three times throughout that period, and the his first wife, […]
Bankruptcy terms can be difficult to understand. Below are brief definitions of the terms used in this site and in the Bankruptcy Code. If you have any questions, please feel free to contact us. 410-766-4044. Adequate protection:Payment to a secured creditor to protect the value of the creditor’s lien during the bankruptcy proceeding from loss […]
Think about this: Just because you can pay your minimum payments each month, does not mean you are financially fit. Low monthly minimum payments benefit the credit card company, the “minimum amount due” is cleverly calculated to keep you trapped in debt for your entire adult life. Do you really want to spend the best […]
