March 9th, 2011 by Questions
im already involved in a credit counsiling program. But cant remove or include a wage garnishment…what can i do?
Posted from: Ontario
March 09, 2011 at 9:46 am, Barton Goth - Goth & Company Inc. -Trustee in Bankruptcy said:
That is one of the major limitations to credit counseling services in most provinces, many of them have no court protection and therefore they cannot stop a wage garnishment.
I would recommend you contact a local trustee and discuss how a consumer proposal has the ability to stop that garnishee due to the court imposed Stay of Proceedings that is automatically in place upon filing the proposal. You technically could also talk about the filing of a bankruptcy, but likely if you can afford credit counseling than a bankruptcy isn’t going to be necessary.
The only other ways are to stop a garnishee is if you negotiate terms with the creditor directly or get some type of consolidation loan, but that can be difficult in situations where you are being garnished.
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