There are a few different reasons to file for Chapter 13. Probably the first one is if you are not qualifying for the Chapter 7.
Jan. 11, 2023
Use the Bankruptcy Laws to Protect Your Income from Garnishment
Benefits of Bankruptcy in Stopping Garnishment:
Wipe out the judgment for the cost of our reasonable flat fee.
Stop the Garnishments for good.
Protect your assets from creditors and the court.
Rebuild your credit faster than by paying off the judgment.
The Bankruptcy Laws are designed to protect you.
We can use the Court Order issued on the date your bankruptcy case is filed to stop the garnishment.
If the garnishment has already begun, we often times can get some or all of the money returned to you.
The debts are wiped out and you get a fresh start and can rebuild credit much more quickly than you assume.
The three common triggers for bankruptcy are unemployment, medical expenses, and divorce. Unemployment can trigger bankruptcy, which is pretty straightforward.
The trustee has a duty to conduct due diligence, and that basically means reviewing the documents that are filed by the debtor and then holding a hearing called a Section 341 hearing in which the trustee asks some standard questions of the debtor.