Once you file for bankruptcy, you will probably not get anything back. When you are through, it could all be over. Then they will stop getting anything else from you. You get a clean start.
A person on fixed income wages can be garnished. The reason I know is because my friends father got his wages garnished because he borrowed to much money on his chase card. Her father has to pay back 35,000: that includes intrest. My advice is to not get a credit card and if you get a credit card, only use it for emergencies only because you do not want your wages garnished when you already have a fixed income.
Yes, all of it even your shares
Even if a credit card company sues you and wins, the judge can only say that you do owe the money. He can attach a lien to your credit file which would prevent any new creditors from granting credit until the debt is taken care of. If you are in bankruptcy the rules change, each state has different laws. If the credit card company sues and receives a judgment in their favor your wages can be garnished up to an amount set by your state's laws.
The best way to get a credit card after bankruptcy is to show a sense of money management to the prospective bank, make money elsewhere and be sure to keep your credit scores going upwards.
The back wages will not be released to the employee until the bankruptcy is discharged and the employer is notified by the court that the arrearages have been exempted from seizure.
Yes! That's one of the most important parts of bankruptcy filing, the Automatic Stay, which STOPS garnishments, foreclosures, etc immediately. To the extent that your wages have already been garnished, you will not get that money back.
A person on fixed income wages can be garnished. The reason I know is because my friends father got his wages garnished because he borrowed to much money on his chase card. Her father has to pay back 35,000: that includes intrest. My advice is to not get a credit card and if you get a credit card, only use it for emergencies only because you do not want your wages garnished when you already have a fixed income.
Yes, any form of income, other than needs-based income, can be garnished for back child support in New York. Money from a lawsuit or settlement is considered income.
Yes, all of it even your shares
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.
If you have a job on top of the assistance, that money can be garnished. Anything you might get back for income tax refund can be taken also. The government assistance can't be garnished.
Even if a credit card company sues you and wins, the judge can only say that you do owe the money. He can attach a lien to your credit file which would prevent any new creditors from granting credit until the debt is taken care of. If you are in bankruptcy the rules change, each state has different laws. If the credit card company sues and receives a judgment in their favor your wages can be garnished up to an amount set by your state's laws.
Moving would have no bearing on this issue. Yes, you could have your income garnished under some circumstances. If you owe money, it is best to pay it if at all possible, or declare bankruptcy if you can not.
The best way to get a credit card after bankruptcy is to show a sense of money management to the prospective bank, make money elsewhere and be sure to keep your credit scores going upwards.
The back wages will not be released to the employee until the bankruptcy is discharged and the employer is notified by the court that the arrearages have been exempted from seizure.
You can go to jail for contempt if you do not follow it. Your wages and income can be garnished to pay the money.
Temporarily. But the entity benefitting from the garnishment can motion the court to lift the automatic stay as to the bankrupt's property or money sought to be garnished.