Can a creditor attach my bank account?
Once a court judgment has been entered against you, a creditor can hire a Marshal to levy your bank account in order to pay your debt, leaving nothing in your account and bank fees to pay.
What is a Wage Garnishment?
A Wage Garnishment is Court Order that is obtained by a creditor allowing that creditor to serve your employer with an Order requiring your employer to deduct 25% from your net pay. This occurs with notice directly to your employer, and not to you.
What can a creditor do once they have obtained a Court Judgment against me?
Once a judgment has been entered against you a creditor can apply for a wage garnishment, bank execution, and/or judgment lien in order to collect directly from your employer, your bank account or your house.
Learn more about Wage Garnishments, Bank Executions and Liens
Is My LLC, Corporation or Small Business Protected in a Bankruptcy?
Yes, a good Bankruptcy Lawyer can ensure that your small business is protected.
To learn about how Small Businesses are Protected during Bankruptcy, click here.
How do I know if my debt is too much to be properly resolved?
The best indicator is your debt-to-income ratio. You can calculate this by taking the total amount of money that you spend each month paying off your debt (this includes all recurring debt, such as mortgages, car loans, child support payments and credit card payments) and dividing by your gross monthly income. The lower the number, the better. If you do not have extra money coming in, then NO debt consolidation plan can resolve it.
Read more about Debt-to-Income Ratio
Will Credit Consolidation affect my credit?
Anything short of making a full payment will affect your credit score and lead to higher interest rates. Your ability to qualify for new credit may also be affected. Do your homework. Remember that there is no magic cure for debt, and any company promising one is probably out to scam you.
Read more about How to improve your Credit
Client Review
“My experience was a very positive one. Dealing with Neil Crane and his staff was the best decision that I could have made. Neil has helped me get back on a solid financial path. My case was a tough one and the Neil Crane Law Firm was the best Law Firm I could have chose.
Thanks for all the help. Now I can put all my bad choices behind me and move forward in my life.”
Mark Linhard
