As more and more people find themselves facing financial difficulties, credit card companies and car companies have become more aggressive in taking action against consumers who are late on their payments.
- Missed payments can result in your car being repossessed.
- A few missed payments on a credit card could result in a judgment against you authorizing the credit card company to take money from your bank account.
- A missed child support payment can result in your wages being garnished.
Wage Garnishments, Bank Levies & Repossessions
If you have missed payments or you have received a notice that someone is taking you to court to get a judgment against you, take immediate action. Contact an Orange County or San Diego debt protection attorney at Boyd Contreras LLP. Depending upon the nature of your financial problem, we may be able to stop repossession, stop wage garnishment and get money put back into your bank account.
- Wage Garnishment: A creditor can garnish up to 25 percent of your paycheck. If you are eligible to file for personal bankruptcy, that filing will immediately stop any wage garnishment activity and may address your underlying debt. With a Chapter 7 bankruptcy, your debt may be discharged completely (depending upon the type of debt). If you file for Chapter 13 bankruptcy, your debt can be rolled into the debt repayment plan.
- Bank Levies: If a creditor wins a judgment against you in court, your bank account can be frozen and the creditor can then levy (take) all the money you owe. If you file for bankruptcy before your creditor can levy your bank account, the levy action can be stopped. If funds were recently removed from your account, our San Diego creditor harassment attorneys may petition the court to recover those funds for you.
- Repossession: Any late or missed payment on a car, truck, snowmobile, boat or other consumer product can lead to repossession. Once creditors repossess the vehicle or product, they will sell it and credit the money they received against your debt. The creditor can then take you to court to sue for remaining costs and fees associated with the repossession. You could easily end up owing as much as you did before. The court judgment against you can result in wage garnishment or a levy against your bank account.
If you file for bankruptcy, any repossession action is put on hold until the bankruptcy is completed. If you are filing for Chapter 13, the debt repayment plan can help you get current on your missed payments, allowing you to save your car or truck from repossession.
Orange County & San Diego Creditor Harassment Lawyers
Many people are embarrassed about the prospect of filing for bankruptcy. Often they let that embarrassment get in the way of taking prompt action to resolve their financial problems. Health problems, job loss, high credit card interest rates - there are so many reasons why people get in over their heads. Bankruptcy is often the best solution to work your way out of debt.
At Boyd Contreras LLP, our Orange County & San Diego debt protection lawyers help people get back on solid financial ground. We care about our clients and we will advise you on the course of action that is best for you and your particular goals and financial situation.
Contact a San Diego Debt Protection Attorney Today!
Our attorneys help clients through out Southern California including these cities and counties:
- San Diego County
- Chula Vista
- El Cajon
- La Mesa
- La Jolla
- Orange County
- Irvine
- Santa Ana
- Newport Beach
- Laguna Beach
- And More
To learn more about bankruptcy and how it can help you avoid repossession, bank levies and wage garnishment, contact us online or call our San Diego office at 619-378-4033 to schedule a free confidential consultation.
Free Consultations • Hay Abogado Que Habla Español
Pursuant to 11 U.S.C. section 528(a)(4) of the bankruptcy code, we are required to state: we are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
Related Content: San Diego Bankruptcy Attorneys | San Diego Debt Relief Lawyers
