answersLogoWhite

0


Best Answer

Garnished funds will NOT be returned to you. If it was a significant amount, the bk Trustee can claw back that money and use it to pay your creditors. Otherwise, that money is gone.

User Avatar

Wiki User

12y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Is there a minimum for garnished funds to be returned when a bankruptcy is filed?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

If your wages are being garnished after you filed for bankruptcy in Ohio can the collection agency keep what they've taken and how can you stop the garnishment?

Once the bankruptcy is filed the automatic stay will halt the garnishment action. However, monies taken before the bankrupcy was filed will not be returned to the debtor.


Can you get your garnished wages refunded?

Depending on when your bankruptcy is filed, on the day it was filed, the wage garnishment must stop. If it didn't stop on that day, you are entitled to have your garnished wages refunded. However, no wages will be refunded prior to your bankruptcy filing date.


If you filed for bankruptcy 9 years ago can your disability lump sum be garnished?

No, I believe Bankruptcy goes off your record in 7 years. Check the law in your state.


If you filed chapter 13 and joint bank acct was garnished will they to unfreeze your funds?

In the state of North Carolina it is illegal for any organization to garnish your wages. I'm not sure the state that you filed your Chapter 13 bankruptcy, but my suggestion is contact your bankruptcy attorney and tell him the situation.


HAS kaiser permanente ever FILED bankruptcy?

do you know if kaiser permanente filed bankruptcy?


Has the state of Michigan ever filed for bankruptcy?

No. No state has ever filed for bankruptcy. States are not coverd by current U.S. bankruptcy laws.


Can you get the money back that was garnished before you filed chapter 7?

Yes, but it must be listed correctly in your bankruptcy paperwork. It must be listed as both an asset and must be exempted for the trustee to return funds to you.


List all NBA players who filed Bankruptcy?

Tracy McGrady filed for bankruptcy in January of 2014


If you just filed chapter 7 two weeks ago and you had a garnishment coming out of your pay and you were told that you will get this money back how long does it take to get the money back?

Wage garnishments are usually handled by a process server or a government officialy such as the county sheriff's office. The judgment creditor has on obligation stop the garnishment right away. There isn't a specific time deadline to return the money that was garnished after the bankruptcy was filed, but it should be returned ASAP. If you don't have it back within a couple of weeks, file a motion with the bankruptcy court.


You are looking for someone who filed for bankruptcy?

Bankruptcy is filed in federal district court. You may want to start with their files.


Does filing bankruptcy stop garnishment of wages due to judgment on credit card debt?

Filing bankruptcy can stop a garnishment immediately. Ifall funds that have been garnished have been properly exempted, the garnished funds can even be returned to the debtor. When a bankruptcy is filed, a special provision of the bankruptcy code kicks in and stops all creditor action to collect a debt. The special provision of the bankruptcy code is Section 362 and is called "the Automatic Stay". The Automatic Stay is a court order to all creditors to stop collecting debts immediately. When a paycheck or bank account is garnished, money is taken from the paycheck or other account and held until a certain time when the money is supposed to be delivered to court and turned over to the creditor. The date that the creditor is supposed to pick up the garnished funds in court is often called "the return date". If a bankruptcy is filed before the return date set for the garnishment, the garnishment is immediately stopped and the creditor cannot continue to collect the debt through the garnishment method. However, understand that the debt the garnishment is paying isn't extinguished or reduced...it will be resolved in the BK. The above probably won't apply to child support or such...which rightfully gets no breaks.


How do you add a creditor to a bankruptcy after you have filed?

Check with your bankruptcy lawyer.