It's not unusual for people to be struggling with finances nowadays, as many in Southaven struggle to confront shifting employment trends, an unpredictable economy and a cost of living that never seems to level off. When people fall behind on their bills, a situation can very quickly and easily go from bad to worse; a few missed payments can become the threat of garnishment, for instance. An experienced personal bankruptcy attorney can explain asset forfeiture and how to combat the threat.
Wage garnishment in particular is very unsettling to debtors, and often for good reason. A wage garnishment typically occurs when a court order is obtained to withhold a certain amount of money from a debtor's paycheck. The money that is withheld is used to pay back the debt. Usually, creditors or debt collectors attempt to contact the debtor many times before resorting to garnishment. In many instances it is possible to prevent garnishment - this can even be done through personal bankruptcy.