Wages garnished are used to repay debts. Wage garnishment is a judgment by the court making it mandatory that a portion of your income be applied to your debt balance. More than 90% of people who are sued by creditors simply do nothing. Of course, this is probably the worst thing you can do when faced with a judgement. Often…
Let’s talk about bankruptcy. Bankruptcy is an authorized process supervised by national bankruptcy courts. It’s intended to help individuals and businesses remove all or part of their debt and can also help them save a share of what they are in debt of. Most business or individuals that make this decision, understand that afterwards, they’ll have to recover from bankruptcy….
What is bankruptcy? Bankruptcy is a legal status. This status has been imposed after a court order if a business or individual fails to repay it’s debts. Indeed, this sounds like something really bad if you are living in America as it affects your reputation and damages your credit rating. Once you’ve filed, applying for and receiving additional credit becomes…
