When you stop to think about retirement, what do you imagine? For a growing number of baby boomers, dreams of golf courses and Florida living are being exchanged for a much harsher reality – bankruptcy.
If you’ve gotten to the point where you’ve stopped paying your bills, you may be wondering can creditors garnish your wages?
The answer is yes, creditors can garnish your wages. This news can be difficult for debtors to hear, but the good news is that creditors can’t start taking money from your paycheck immediately.
Financials are already difficult to manage. And when you find yourself at a standstill facing bankruptcy, it’s easy to feel trapped. While you’re already struggling to pay living expenses, it seems any money you’re able to put towards your debt barely scratches the surface. So how do you take down a mountain that’s continually growing?
Everyone will know I've filed for bankruptcy.
The chances are very good that the only people who will know about a filing are your creditors. While it's true that bankruptcy is a public legal proceeding, the numbers of people filing are so massive and opposed to local court filings Bankruptcy is a federal filing and not published on the free state websites.
In Oklahoma, the oil economy is hurting. Will we see a repeat of the 1980's crises? Petroleum industry layoffs reduce the amount of disposable income of these unfortunate workers and, as a result, affects all jobs in Oklahoma.
The process of a probate can be lengthy and tedious. However, below is a simplified probate process, to give you an idea of how it all works.