Will Filing a Bankruptcy Stop a Wage Garnishment?
When a creditor receives a judgment from a Court, that creditor may seek to collect shortly thereafter, by issuing a court order to your employer, to automatically withhold a certain amount from each paycheck until the debt is paid in full while interest accrues. A bankruptcy can stop this as soon as your case is filed.
Will Filing a Bankruptcy Stop a Bank Account Garnishment?
After a creditor receives a judgment from a Court, the creditor may seek to collect shortly thereafter by issuing a court order to your bank accounts, to freeze the funds currently held in the bank accounts and to freeze any additional funds that may be deposited into those accounts (including paychecks), which are then turned over as payment towards the debt you owe. A bankruptcy can stop this if your case is filed before the bank account is frozen.
