Stop Wage Garnishments
Protect your paycheck from garnishment of wages.
Stop lawsuits, intimidation, and harassment.
Protection from Collectors
Mr. Woolley will guard and protect you from incoming collector calls.
DON'T WORRY WE CAN HELP WITH
WE'RE HERE FOR YOU
Sometimes circumstances beyond your control force you to suffer financial losses due to a recent job loss, reduction of income, illness or injury, death or other issues. When this happens, it seems the stress and anxiety of how to pay the bills is overwhelming. To further compound the stress, the bill collectors will call you with demand for payment and threaten you with garnishment, foreclosure, or repossession. Brad Woolley is here to assist you.
What is Chapter 7 Bankruptcy ?
Chapter 7 bankruptcy can do the following:
- Provide a debtor with peace of mind and protection from collectors
- Stop creditor harassment and intimidation
- Stop garnishments of wages
- Stop lawsuits
- Stop foreclosure temporarily to allow possible workouts
- Stop a wage levy by the IRS or Indiana Department of Revenue
FILING FOR CHAPTER 7 BANKRUPTCY
HOW DO YOU FILE FOR BANKRUPTCY?
WHAT NOT TO DO IF FILING BANKRUPTCY
WILL FILING BANKRUPTCY STOP A WAGE GARNISHMENT?
The filing of a Bankruptcy in Indiana will stop a wage garnishment even if it is a chapter 7 or chapter 13 bankruptcy. Once the bankruptcy petition is filed with the bankruptcy court, the bankruptcy code gives you an automatic stay of all civil collection matters against you. A criminal case or current child support proceedings will not be stopped in most cases. The following is the typical scenario:
You are contacted by your payroll department that a wage garnishment will take effect next payday and you will lose 25% of your net check. There is no way that you can pay your monthly rent, house or other living obligations losing that much of your check. You contact a bankruptcy attorney and decide to file bankruptcy. Your payroll is cut by your employer on Tuesday and payday is Friday. Will the wage garnishment be stopped in time? You will need to have the case filed before Tuesday to even have a chance at stopping the wage garnishment. Once the case is filed, your attorney can send the appropriate paperwork to your payroll department to stop the wage garnishment and get you your entire paycheck. In order for this to happen, your attorney and you need to work together to get the required results.
WILL I LOSE MY HOUSE AND CAR IF I FILE BANKRUPTCY?
WILL I LOSE MY TAX REFUND IF I FILE BANKRUPTCY?
In a chapter 7 bankruptcy, your tax refund can be taken from you if you are not careful. It is imperative that you consult with an experienced attorney about this matter.
Under Indiana law, the bankruptcy trustee cannot take your earned income credit (EIC) for the benefit of your creditors but it must be properly claimed exempt in your bankruptcy schedules. The trustee can take your additional child tax credit and the federal and state income taxes that your employer deducted from your paycheck.
The month you file for bankruptcy will determine the level of interest a bankruptcy trustee has in taking your tax refund.
Chapter 7 Bankruptcy and Chapter 13 Bankruptcy are legal ways to eliminate certain debts while allowing you to keep most, if not all, of your property. This website is designed to assist you in obtaining basic information about filing bankruptcy in Indiana. What are you waiting for? Isn’t it time that you end the stress from bill collectors, court hearings, garnishments, foreclosure, repossession, tax levies, and other unpaid bills? Contact The Law Offices of Brad A. Woolley and see how an Indiana bankruptcy attorney can assist you.
Call Us Today!
Lafayette office: (765) 420-8900
Monticello office: (574) 583-6411