Garnishment
Date: Wed, 09/24/2008 - 07:47
I have garnishments which I can not afford due to old defaulted student loans.
With the garnishments, I get only $800/mo working full time, and my monthly expenses are over $1600. I am sinking quickly and need to know how to file an exemption from garnishment due to financial impossibility, or what my alternatives are. I am working on filing chapt 7 on my own, and will work with the lenders to restructure my student loans after my 7 is done, but for now, it is impossible foe me to make my current obligations. Please advise.
With the garnishments, I get only $800/mo working full time, and my monthly expenses are over $1600. I am sinking quickly and need to know how to file an exemption from garnishment due to financial impossibility, or what my alternatives are. I am working on filing chapt 7 on my own, and will work with the lenders to restructure my student loans after my 7 is done, but for now, it is impossible foe me to make my current obligations. Please advise.
Your student loan are part of your current obligations and you a
Your student loan are part of your current obligations and you are being garnished because you did not pay them. Are you earning $800 per month before or after the garnishment?? For the most part other thank basic living expenses, the garnishment will not stop because of other bills.
Your guarantor will not restructure your loans after the BK is dismissed. Your status and terms remain the same....nothing changes.
