Personal bankruptcy and stopping the wage garnishment process

When Connecticut consumers have an overwhelming amount of debt, it can lead to various consequences that impact almost every area of their lives. From threats of losing the family home to phone calls from debt collectors, a consumer may feel overwhelmed and unsure of what to do next. One of the most unfortunate effects that debt can bring is wage garnishment, but personal bankruptcy could be the solution.

Wage garnishment occurs when a creditor moves to have the employer withhold a portion of a person’s paycheck. The amount withheld goes toward the repayment of the debt. It can be difficult for a person already struggling with debt to lose part of his or her paycheck. However, there are limits to wage garnishment, and a consumer has certain options through which it’s possible to put a stop to this process.

No matter how much a person owes, only a certain amount of his or her paycheck could be subject to garnishment. Connecticut employers cannot fire an employee because his or her wages are being garnished. However, the garnishment process can be stopped immediately by filing for bankruptcy. This step enacts the automatic stay, which will halt all collections efforts against a person while he or she goes through the bankruptcy process.

If a person is struggling with wage garnishment, it may be helpful to learn about how filing for personal bankruptcy can be a beneficial option. A complete evaluation of the individual situation can determine whether this is a smart step. Through consumer bankruptcy, a person can stop usually the garnishment of his or her wages and achieve a better financial future.