2670 Crain Highway, Suite 108 Waldorf, MD 20601-2806

Stop Garnishments & Repossession in Waldorf, MD

A bankruptcy can stop a wage garnishment, but not under every circumstance. When you file for bankruptcy, an automatic stay goes into effect telling all collections activities against you stop immediately. This includes garnishments. In fact, you may even be able to get some of the money back that has been garnished in the months leading up to your bankruptcy.
There are some types of debt that cannot be included in a bankruptcy filing, will not be discharged in a Chapter 7, and cannot become part of a Chapter 13 bankruptcy repayment plan, such as student loans. If the garnishment of your wages is due to a debt that falls into this category, you can expect the wage garnishment to continue after the bankruptcy. Unpaid child support is another example of a debt that will not be discharged in bankruptcy.

Both Chapter 7 and Chapter 13 bankruptcy filings will help you to deal with debts from credit cards, personal loans, medical bills, and most other types of unsecured debts. Even some types of unpaid tax debt can be discharged in Chapter 7 or a Chapter 13 bankruptcy.
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Since all debts will be addressed by Greisman Bankruptcy Solutions, the garnishment will not restart. Further, if a creditor has garnished over $600 in the 90 days leading up to your bankruptcy, then you may be able to get that money back as part of a bankruptcy filing.
Stop Repossession
Repossession is the right of a creditor to take back goods that are considered 'secured debt' because of unfortunate and unexpected circumstances that stopped you from making payments on your house, car, boat, motorcycle, etc...

There are two types of loans: secured and unsecured. A secured loan is one that requires you to pledge something as collateral. For example, if you purchase a car, the creditor will usually require you to put up the car as collateral. On the other hand, an unsecured loan, does not require collateral. Using a credit card is usually an unsecured loan.
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If you default on an unsecured loan, the creditor's only recourse, after the letters and the collection agency efforts fail, is to sue you in court. But if you default on a secured loan, the creditor can repossess the collateral and sell it. If the money from the sale isn't enough to pay off the loan, the creditor can sue you for the balance of the loan. For example, you owe $10,00 dollars on your car. When they reposses your car and sell it at an auction for $3,000 the creditor will attempt to sue you for the difference which in this case is $7,000 dollars. This is where we can help stop not only the repossession but any suits against you regarding the repossession of the car.'
If you fall behind in your loan, you should contact your creditors as quickly as possible and attempt to work out a voluntary repayment plan. You can do this yourself and in most cases they will be willing to work with you on this. If not Call us at 301-870-5417 right away and let us help you get your car back.

Bankruptcy should be able to cancel the debt and stop any further attempt by the creditor to repossess your car. If your property has already been repossessed, some creditor gives you the opportunity to have your property returned by paying all outstanding loan charges, fees, and costs.
Contact us in Waldorf, Maryland, to schedule an appointment to stop repossessions and garnishments.