Does bankruptcy stop garnishment or execution?

Full question:

Will bankruptcy stop a garnishment or execution?

Answer:

Filing for bankruptcy provides immediate protection from wage garnishments and judgment executions through an automatic stay. This stay prevents creditors from taking any action to collect debts, including garnishments and executions. If a creditor violates this stay, they may face serious penalties from the trustee.

This content is for informational purposes only and is not legal advice. Legal statutes mentioned reflect the law at the time the content was written and may no longer be current. Always verify the latest version of the law before relying on it.

FAQs

Filing for bankruptcy before a judgment can be beneficial. It provides immediate protection from creditors, preventing them from obtaining a judgment against you and pursuing garnishments or executions. If you anticipate financial difficulties, filing for bankruptcy sooner may help you avoid additional legal actions and protect your assets.