You have most likely heard the term “garnishment.” This is when a creditor takes back the debt it is owed, typically by claiming a portion of a debtor’s wages.
If you have received notice of a creditor seeking a money judgment, you’ll want to know what it is, as well as understand what you need to do next.
If you are considering bankruptcy and are looking into the process, chances are there are a number of terms that you don’t know.
When you file for bankruptcy, an automatic stay is immediately put into effect. While an automatic stay can be helpful for debtors looking for relief, it’s important to know that there are some exceptions that will not be covered by the automatic stay.