A garnishment (often called a garnishee) is a legal order from the Courts – where money owed to a creditor is taken from the debtor by a third party (ie Bank or Employer) and given to the creditor. Money is usually taken from a debtor’s bank account or from a debtor’s wages.
Wage Garnishments are much more than embarrassing and frightening to the debtor – they tend to be an indication of serious financial problems. If your wages or bank accounts have been (or are about to be) garnisheed – and your debts are overwhelming, contact a local Bankruptcy Trustee. If you are in the Greater Toronto Area, call 416-498-9200 and book a Confidential & Free Initial Consultation with David Sklar & Associates – Bankruptcy Trustee. We will work with you to evaluate your current financial condition and help you find a way out.
Garnishments will only normally be lifted if the debt is paid in full, or if you get protection through a Trustee using the Bankruptcy and Insolvency Act.
Depending on your situation, you may not have to file bankruptcy to get a garnishment lifted. If you qualify, filing a Consumer Proposal (or a Division I Proposal if you total debts are greater than $250,000 – not including your mortgage) will enable you to:
Your Trustee will advise you on whether or not you are eligible for protection through the filing of a proposal or bankruptcy.
With six offices in the Greater Toronto Area, David Sklar & Associates offers a Confidential & Free Initial Consultation to discuss your situation – and help you decide what your best choice is. Call 416-498-9200 or get started with our Quick Assessment Form to book your Free Consultation with the experts at David Sklar & Associates.
If your debt problems seem insurmountable – we can help. At David Sklar & Associates, our Licensed Debt ProfessionalsTM have the experience and knowledge to help you get out of debt. During your consultation, we will help you understand what your current financial situation is, how best to fix it, and how to move on to a better life. With six offices in the Greater Toronto Area – we are here to help.
Call Us Today For a Confidential & Free Initial Consultation Call 416-498-9200