Bankruptcy and Garnishment

Bankruptcy and Garnishment

Can bankruptcy stop a creditor from taking money out of my paycheck? Yes. When money is owed to a creditor, the creditor can go to court and get a judgment against the Debtor. If the Debtor don’t work something out with the creditor to pay off the judgment, the...
Bankruptcy and Co-signed Debt

Bankruptcy and Co-signed Debt

I co-signed my son’s car that the bank repossessed- can the bank go after me? If a Debtor co-signed a debt such as a car loan for their son and the son cannot make the payments, the bank will generally repossess the car and sell it at auction. Because the car...
Bankruptcy and Repossession

Bankruptcy and Repossession

Can bankruptcy stop the bank from taking my car? Yes and no. When filing for bankruptcy, generally everything a Debtor owns becomes property of the bankruptcy estate, except property which is exempt under Arizona law (if you live in Arizona). The bankruptcy estate is...
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