Money affects so many of our emotions, often taking us on a roller coaster throughout life. When our finances are in shape and income is plentiful, there may be moments of euphoria—accompanied by spending that could also be regretted later. Sometimes in hindsight, most of us wish we had been more prudent with the dollars as they flowed in, but again that is part of the journey of life too as wisdom is gained in better money management.
Undeniably though, debt can lead to some very dark times, enough so that you may even feel emotional and physical stress that can lead to more than just sleepless nights, but also the potential for high blood pressure, heart issues, and more. At first you may have those worrisome warning bells going off in your head, serving as a reminder to tighten up the budget. Overspending is often to blame, but if your health has been in jeopardy recently, medical debt may be the culprit—and handling money matters may have been far down on your list if you are battling a major illness or an injury.
Many other issues can lead to financial stress such as the obvious, like unemployment or a shortage of hours at work. If you are still working today though despite the Coronavirus pandemic, whether from home or as an essential worker in the public, you may be concerned about how your financial issues will affect you at work, and how much your boss might eventually know.
Skipping ahead past delinquencies and account charge-offs, if you have been served with a collections lawsuit (most likely this occurred previous to the Coronavirus pandemic and subsequent shutdown), you may be wondering how to deal with it and what will happen next.
After speaking with a skilled collection lawsuit attorney from a firm like Fitzgerald & Campbell, APLC, most likely you will discover that your best recourse is to reply to the lawsuit within the allotted amount of time, and create a strategy for a defense. If that ship has already sailed and a default judgment was granted against you, there is a good chance that the creditor may attempt to see your wages garnished.
In California, wages can be garnished up to 25 percent of your disposable income, with your employer being legally obligated to take that portion of your check and send it to the creditor waiting to see their debt satisfied. Fortunately, this may mean that your direct boss is aware of what’s going on with your finances, depending on how involved they are with the accounting department. Hopefully, any wage garnishment issues can be handled respectfully and discreetly.
Speak with an attorney from Fitzgerald & Campbell, APLC as soon as possible to examine your options. Our attorneys have decades of experience in serving clients as they navigate through challenging financial situations, to include student loan issues, bankruptcy, and other debt management processes. We are here to help! Click here to schedule a free 30-minute consultation, call us at (844) 431-3851, or email us at firstname.lastname@example.org.