Not Every Financial Mistake Leads to Bankruptcy

Not Every Financial Mistake Leads to Bankruptcy -- LEE LEGAL -- DC VA MD

It’s OK to make mistakes. After all, not every financial mistake leads to bankruptcy. Yet the converse is also true. Not every bankruptcy is caused by mistake. Everyone makes mistakes, but only the wise learn from them. You must allow yourself to learn from your mistakes. Unwillingness to admit to a mistake will invariably lead […]

How Do I Stop a Garnishment?

How Do I Stop Garnishment?

Garnishment (or “attachment”) is a last-ditch effort at debt collection, a tool of last resort for creditors. When you default on a debt, and the creditor is unsuccessful in recovering on the debt, a judgment may be issued against you to garnish property, bank accounts, or wages. Garnishment can often severely impact your monthly finances, and […]

Can a Creditor Garnish a Paycheck or Bank Account?

Can a Creditor Garnish a Paycheck or Bank Account?

A creditor who has obtained a judgment against you can garnish a paycheck or bank account, or both. The creditor must file garnishment affidavit at your bank, at which point the bank will pay that creditor whatever amount is available in your account, up to the amount of the judgment. A creditor will drain your […]