Wage garnishments and bank account garnishments are a common reason people look to bankruptcy for relief. Once a bankruptcy is filed, a garnishment must immediately stop. If you had a wage garnishment, bank account garnishment, or levy during the 90 days prior to the filing of a bankruptcy that allowed any one creditor to receive more than $600, it may be possible to have that money returned to you depending on your available bankruptcy exemptions.
Every bankruptcy case is unique, and whether you are able to recover garnished funds depends on the specific circumstances of your case. While not all situations allow garnished funds to be recovered, your attorney and paralegal will work with you to analyze the specific facts of your case and provide you with all available options.
Filing a bankruptcy can be a difficult decision for you and your family. Knowing that in certain circumstances you may be able to recover some portion of garnished funds may help you in making this decision.