One of the most intimidating aspects of overwhelming debt is the threat of asset forfeiture. When Mississippi residents receive notice that they may see their wages garnished or their vehicles repossessed, what are the proper steps to take to remedy the situation? A Southaven bankruptcy attorney can guide an individual through the process of protecting one's personal property.
Some local residents may not know that filing for bankruptcy can put a stop to garnishment, repossession and even foreclosure. As soon as one files for personal bankruptcy, both garnishment and repossession actions are halted. In addition, individual bankruptcy also puts an end to creditor harassment. Individuals and families no longer have to cope with the frequent phone calls that come from collectors, nor the threatening notices that are received regarding asset forfeiture.