There could be many individuals in Georgia and elsewhere who plan their budgets around their income and there might be little room for adjustment. With a similar strategy, a loss of income might place a significant strain on one’s finances and prompt a variety of challenges in life. Tax debt is a common example of an issue that could lead to wage garnishment and those who face similar hardships might benefit from knowing their rights and the available options with which to address the situation.
Wage garnishment acts as a form of debt collection in which a portion of one’s income is distributed directly to creditors. The amount garnished in the process will be taken out before one even receives his or her paycheck. The length of the arrangement may depend on the amount of each payment and the total amount owed and experts indicate that it may even be possible for a person to have more than one source of wage garnishment at a time.
When facing wage garnishment, one might benefit from knowing that it might be possible to challenge the decision, but this might not always prove fruitful. It may also be possible to reach out to creditors and negotiate a repayment plan that doesn’t involve garnishment, provided the court has yet to render a judgment for garnishment. While outlets such as bankruptcy could also help protect against wage garnishment, choosing such a path could also seem an intimidating concept.
Understanding the options
The possibility of wage garnishment may just be one example of a type of challenge a person in Georgia might face when dealing with tax debt. Those who wish to seek relief from similar trials while protecting their financial futures in the process could benefit from consulting with legal counsel for guidance in addressing the situation. An attorney can examine the circumstances a client is facing, provide insight on all his or her available options, and help create a strategy with which to seek the relief required through the proper outlets.