Will bankruptcy stop a garnishment or execution?
Full Question:
Will bankruptcy stop a garnishment or execution?
01/08/2007 |
Category: Bankruptcy |
State: Alabama |
#244
Answer:
Filing bankruptcy does offer protection from garnishment of debtor's wages and from execution of judgments. This protection is available immediately upon the filing of the petition for bankruptcy, through the automatic stay. The automatic stay prohibits creditors from taking any action against the debtor, such as garnishments, executions or any other type of action designed to collect on a debt. Any violations of the stay by a creditor will result in severe penalties imposed by the trustee.
