Being threatened with wage garnishment? What exactly does that mean??
If you owe money to your creditors and do not make payments your creditors may take legal action against you. The result of this legal action is something called a judgment. A judgment is a court order that allows your creditors to deduct payments directly from your wages and to seize assets, otherwise known as wage garnishment….
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Unemployment and Debt
Unemployment can happen to anyone. I was recently talking to a man who was telling me about how busy his division was at work and how he thought they would be hiring more employees soon. Just to find out the next week that his company was downsizing and his division was being shut down. Needless…
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Wage Garnishment – What is it?
What is a Garnishment & How did I Get One? Wage garnishment is when money is deducted from an employee’s monetary compensation (including salary), usually as a result of a court order. If you stop paying a creditor and the creditor decides to take legal action, a creditor can garnish wages to collect a debt in Ontario…
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What does it mean to have my wages garnisheed?
Many people who are in debt are so afraid of bankruptcy that they don’t educate themselves on what can happen to them if they ignore their current financial issues. That’s because it’s easy to get overwhelmed by debt and the ways to get out of debt may seem too complicated. If you’re in a large…
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Bankruptcy Can Stop Wage Garnishments
What is a Garnishment & How did I Get One? Wage garnishment is when money is deducted from an employee’s monetary compensation (including salary), usually as a result of a court order. If you stop paying a creditor and the creditor decides to take legal action, a creditor can garnish wages to collect a debt in Ontario…
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