How to Protect Property from Garnishment
If someone has filed a lawsuit against you and obtained a judgment, that person may try to garnish your wages or seize your property. But there are ways to protect your property from garnishment.
First, you can try to negotiate with the creditor. If you can come to an agreement on a payment plan, the creditor may be willing to forgo garnishment.
Second, you can exempt certain types of property from garnishment. For example, in most states, you can exempt a certain amount of equity in your home or your car. You may also be able to exempt retirement accounts and life insurance policies.
Finally, if all else fails, you can file for bankruptcy. This will stop all collection activity against you, including garnishment.
The Law Offices of Omar Zambrano has helped thousands of people and businesses in the past to get out of debt and start over.
Our goal is to help you find a fresh start so FAST!
Schedule your free consultation today! By Calling 626-338-5505 or visiting us at 12738 Ramona Blvd Baldwin Park CA 91706