How Do I Stop a Bank Account Garnishment?

When a creditor garnishes your bank account, it can create a financial nightmare. Your checks will bounce and you can no longer pay your bills. If you are in this situation, one way out is to file bankruptcy.

I am Cherry Hill, New Jersey bankruptcy attorney Joel R. Spivack. I dedicate my entire practice to helping people seek debt relief through Chapter 7 and Chapter 13 filings. With more than 30 years of experience practicing exclusively in the area of bankruptcy law, I am in a strong position to help you stop a bank account garnishment.

What Happens When a Bank Account Is Garnished?

If a credit card company or other creditor makes a claim against you, the creditor can obtain a judgment to garnish your bank account and your wages. When your bank account is garnished, the money is turned over to the sheriff, who will disburse it to your creditor.

Can I Stop a Garnishment?

When you file bankruptcy, you are protected by an injunction known as the “automatic stay.” Basically, this means that creditors cannot take any actions to collect on any debts you owe. This bars the creditor from garnishing your bank account or wages.

You may also be able to challenge the garnishment on legal grounds. For example, if all of the money in your account is from Social Security, it cannot be taken by creditors.

Can I Get My Money Back?

You can get the money back by filing bankruptcy, as long as the sheriff has not yet given the money to your creditor. However, you have to act quickly. It usually takes 20 days for the sheriff to give the money to your creditor, but it can be less.

Schedule a Free Initial Consultation with a Cherry Hill Bankruptcy Attorney

To stop a garnishment, call me, Cherry Hill bankruptcy lawyer Joel Spivack. You can reach me by phone at 856-488-1200, toll free at via e-mail. My regular business hours are 8 a.m. to 5 p.m., Monday through Friday, and free parking is available.

To read more about bankruptcy frequently asked questions, click here.

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.

We are here to help you.

Is this a New Jersey matter or Philadelphia Region matter?
We are licensed to practice in New Jersey and Pennsylvania.

Attorney Joel R. Spivack is an experienced bankruptcy and residential real estate transactions lawyer in Cherry Hill, New Jersey. Clients come to us for legal services, but what we really provide is peace of mind. For more than 30 years, Attorney Spivack has helped people make wise, informed decisions about bankruptcy filings, debt relief options and residential real estate transactions.
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