While you want to keep up with payments on your loans, it can be a challenge when you are already trying to make ends meet. To add to your stress, you’ve received a wage garnishment from one of your creditors, allowing them to instruct your employer to directly send a portion of your paycheque to them to repay your debt.
We know just how difficult this situation can be for you. To ease your worries, we want to reassure you that you have options to stop the wage garnishment and deal with your debt at the same time. We’ve outlined important facts about wage garnishments and how a consumer proposal, or a bankruptcy in some situations, will allow you to have the wage garnishment stopped.
A BDO Licensed Insolvency Trustee will explain the differences between filing for bankruptcy and a consumer proposal and answer any of your questions, including which types of income cannot be garnisheed. Schedule a free consultation – we are ready to help.