Saturday, October 15, 2011

Will Filing a Chapter 7 or 13 Bankruptcy Stop Garnishments?

When people find themselves in need of debt relief, they frequently want to know if filing for Chapter 7 or Chapter 13 will cause them to lose their car.

There are times when debt settlement is a better option and there are times when bankruptcy can be your friend.

Whether you file a Chapter 7 bankruptcy or a Chapter 13 bankruptcy case, a creditor must immediately stop a garnishment as soon as the creditor receives notice of the bankruptcy filing.  

The bankruptcy laws in the State of Missouri and around the St. Louis area can be different than in other states, but here's a quick video that should provide some clarification.

 

 

 

 

 



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