Everything You Need To Know About Levy Garnishment
Unfortunately, there are more ways than one for creditors to try to reclaim their unpaid debts. Rather than sit around all day and badger you with phone calls and letters, creditors will often act to levy your wages to get their payments. The good news is, we can act to stop this. Here at Benner & Weinkauf, we know how much of a delicate balance your finances can be, especially if you already have a sizeable amount of debt. Any little push could be enough to send your spiraling. That’s why we use our nearly two decades of experience to stop levy garnishments and keep your money going directly into your pocket. Rather than you seeing the entire fruits of your labor, creditors will seek a court order to take a portion of your earnings and put it towards their unpaid balance.
The Creditors Need Approval
If a creditor goes forward with their approved levy, it effectively means that they can freeze your accounts and withdraw the money necessary to cover the amount they desire. This can have disastrous and unintended side effects on your end. The combination of unpaid bills, no gas money, no ability to purchase groceries, and no ability to cover other unpaid debts can snowball into a serious situation not just financially, but in your personal life. This can take a critical toll on your overall well-being. As if that wasn’t enough, more times than not, this process will continue until the debt is paid in full, further prolonging your suffering. If left unattended, you could quickly find yourself in a deeper hole than ever before.
The Right Team To Plead Your Case
In most cases, these types of garnishments go directly through your bank or employer to take the money out before it even hits your account. By law, your employer would have no choice but to comply. Like we touched on earlier, this whole process starts with your creditors filing a lawsuit in a court of law to allow for the levy to take place. The subsequent judgement will prevent more money being taken than the total amount of debt, but that is of little solace to the debtors. On their end, the IRS will simply warn you of what’s about to take place, often giving you a window of time to pay the amount back in full before the action is taken. At this point, you’ll be able to defend yourself and explain why you shouldn’t have the levy take place. That’s where we come in.
With a team of legal professionals by your side, we will find the best course of action to defend against levy garnishment. By explaining the nuances of your financial situation, we can grant you the opportunity to find a different method of payment. While there are several financial options on the table, from bankruptcy to a negotiated settlement, we won’t stop until we find the best solution for your specific needs. Levy garnishments are a drastic solution that can cause debtors a great deal of heartache and financial woes. Luckily, we’re here to help with nearly two decades of legal experience on our side. To find out more about what kind of solution will work best for you, give us a call today — before it’s too late.