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Understanding Tax Liens and Bankruptcy

Dallas Bankruptcy Law Firm Eliminating certain types of debt through a discharge is one of the hallmarks of the bankruptcy process. A debt discharge will eliminate your personal obligation to pay a debt, which can free resources and provide the financial fresh start you need to get a hold of your finances and find stability [...]

By |2018-11-12T18:26:58-05:00June 23rd, 2017|Bankruptcy, Tax - Debt Garnishments|Comments Off on Understanding Tax Liens and Bankruptcy

Using Bankruptcy to Stop or Prevent Wage Garnishment

The state of Texas, along with a few other states, may not allow creditors to garnish wages to satisfy debts, except for special circumstances such as spousal / child support, student loans, and federal taxes. A wage garnishment is when a creditor receives permission from the court to withhold payment from paycheck earnings and have [...]

By |2018-11-14T23:02:23-05:00October 10th, 2016|Bankruptcy, Tax - Debt Garnishments|Comments Off on Using Bankruptcy to Stop or Prevent Wage Garnishment

Bankruptcy and Tax Debt: What You Need to Know

There are various advertisements on television and radio that encourage consumers to utilize special services aimed at getting rid of tax debt through bankruptcy. Keep in mind the process may not be as easy as they make it sound. Some tax debts may not qualify for elimination in bankruptcy (Chapter 7), but they may qualify [...]

By |2018-11-14T23:44:47-05:00November 5th, 2013|Debt and Tax Relief, Tax - Debt Garnishments|Comments Off on Bankruptcy and Tax Debt: What You Need to Know

Getting Money Back From Garnishment After Bankruptcy

Garnishments are a legal actions enforced by the court to allow creditors to collect on outstanding debt. The most common is wage garnishment when funds are deducted from paycheck earnings. Bankruptcy may stop pending and active garnishment activity against you.  When bankruptcy is filed an action called the automatic stay goes into effect. The stay [...]

By |2018-11-13T19:49:58-05:00February 8th, 2013|Debt and Tax Relief, Tax - Debt Garnishments|Comments Off on Getting Money Back From Garnishment After Bankruptcy

Wage Garnishment: Can My Wages be Garnished if I Receive Disability?

Credit card companies may file a lawsuit to enforce legal ways to collect from debtors when accounts go unpaid.  If the credit card company itself doesn't pursue collection, then a collection agency may decide to pursue if they purchased the debt from the original creditor.  Unless you provide evidence that the debt has been paid [...]

By |2018-11-16T07:14:31-05:00July 30th, 2012|Debt and Tax Relief, Tax - Debt Garnishments|Comments Off on Wage Garnishment: Can My Wages be Garnished if I Receive Disability?

Bankruptcy and Wage Garnishment

Wage garnishment is an action pursued by creditors to help satisfy outstanding debt. The action allows them to take paycheck earnings and have them automatically forwarded to creditors. Bankruptcy may stop the garnishing process and even collect wages that have been garnished under certain circumstances. When bankruptcy is filed the automatic stay goes into effect [...]

By |2018-11-16T23:33:15-05:00June 15th, 2012|Debt and Tax Relief, Tax - Debt Garnishments|Comments Off on Bankruptcy and Wage Garnishment

What You Need to Know about IRS Wage Garnishment

What is an IRS Wage Garnishment? IRS wage garnishment , also known as a wage levy, is a forced form of collection imposed by the Internal Revenue Service (IRS).  This action takes place when a taxpayer fails to pay taxes.  The process allows the IRS to withhold a certain percentage of paycheck earnings to put [...]

By |2017-12-13T01:46:35-05:00May 7th, 2012|Debt and Tax Relief, Tax - Debt Garnishments|Comments Off on What You Need to Know about IRS Wage Garnishment

Can I Stop IRS Wage Garnishment After it has Started?

Stopping Wage Garnishments Stopping a garnishment enforced by the Internal Revenue Service (IRS) can be done by utilizing several options. The main objective is to settle what you owe in taxes by working with the IRS or a tax expert to determine the best solution for your situation. You can either pay what you owe [...]

By |2017-12-13T01:46:49-05:00January 12th, 2012|Debt and Tax Relief, Tax - Debt Garnishments|Comments Off on Can I Stop IRS Wage Garnishment After it has Started?

Understanding Wage Assignments In Bankruptcy

Wage Assignments and Bankruptcy Increasing collections costs is prompting some creditors to turn to voluntary wage assignments.  A wage assignment is basically an agreement that allows the creditor to deduct from a debtor's wages any amount owed to them.  This is most often used by payday loan lenders.  Borrowers sign a bunch of paperwork, which [...]

By |2017-12-13T01:47:09-05:00December 29th, 2011|Debt and Tax Relief, Tax - Debt Garnishments|Comments Off on Understanding Wage Assignments In Bankruptcy

Asset Garnishments And Joint Bank Accounts

After debt becomes extremely delinquent, the creditor often chooses to sue the borrower and win the right to garnish their wages and/or bank account.  But what happens when a debtor has a joint account with someone who is not responsible for the debt?  Well, since the debtor's name is on the account the creditors have [...]

By |2018-11-09T00:10:11-05:00November 7th, 2010|Debt and Tax Relief, Tax - Debt Garnishments|Comments Off on Asset Garnishments And Joint Bank Accounts