Those who struggle with significant amounts of debt may encounter various challenges that might leave them feeling strained to make ends meet. Those who fall behind on financial obligations may find that the situation could continue to grow out of hand and may eventually trigger further financial concerns. Individuals in Ohio who face the possibility of wage garnishment may have questions about what to expect from this process and on the steps to take to safeguard their financial futures.
Wage garnishment
Wage garnishment is a process in which one’s employer may be required to hold back a portion of one’s wages to satisfy past-due financial obligations. However, this can only occur if the court approves a creditor’s petition for wage garnishment and one also retains the right to receive notification of the intent to garnish wages. There are also certain limits to the amount of wages that can be garnished, but missing out on any portion of wages can be harrowing, especially during times of financial strain.
Upon receiving such a notification, one may also retain the right to dispute the decision or to reach out and negotiate with creditors. Since this might not always go as planned, it may also be helpful to know some additional options to consider when facing similar trials. The automatic stay is a tool in bankruptcy that could help protect against wage garnishment and the bankruptcy process may also help provide a person with much-needed relief from the trials of debt concerns.
Bankruptcy
Wage garnishment is a type of issue that continues to affect the lives of many individuals and those who face high levels of debt may have questions about how to protect against similar concerns. When facing such challenges, a person in Ohio could find it helpful to speak with a bankruptcy attorney for advice in carefully evaluating his or her situation and determining the best path to take. An attorney can help a client prepare to seek protection from wage garnishment and assist in developing a strategy to reduce or eliminate his or her debts via the proper channels.