How Quickly Will Bankruptcy Stop My Wage Garnishment?
Wage garnishments are stopped instantaneously . . . except that different state laws and procedures can effect what happens to the current paycheck.
Wage garnishments are stopped instantaneously . . . except that different state laws and procedures can effect what happens to the current paycheck.
The bankruptcy world played a quiet but significant role in bringing about this controversial $26 billion settlement. So, fittingly, the settlement terms require the banks to make significant changes in their behavior in bankruptcy court.
Most of the $26 billion or so in this national settlement is designed to help current homeowners keep their homes. But $1.5 billion of it will go to about 750,000 who have already lost their homes to foreclosure. That’s about $2,000 each.