Garnishments Are on the Rise in Detroit: What You Need to Know 🚨
Since the removal of many Covid-19-related financial restrictions, creditors have wasted no time in pursuing old debts. Now, even debts that are more than 10 years old are fair game. 🕰️ Banks are restarting foreclosures on mortgages 🏠, repossession agents are back on the streets reclaiming cars 🚗, and most noticeably — garnishments are skyrocketing, especially here in Detroit.
If you’ve recently received a garnishment notice, you’re not alone — and you do have options. 💡
The 3 Types of Garnishments You Should Know 📚
Periodic Garnishments:
These are the most common and involve creditors garnishing your paychecks directly. 💵 A portion of your wages will be withheld by your employer and sent to your creditor until the debt is paid.Non-Periodic Garnishments:
These target assets that aren't tied to regular income, such as bank accounts 🏦, or result in liens being placed on valuable assets like your home 🏡 or vehicle 🚙.Tax Garnishments:
Creditors (or even the government) can intercept your tax refunds 💸 before you ever see them.
Why Are Garnishments Increasing Now? 📈
During the pandemic, many collection efforts were slowed or suspended altogether due to federal and state protections. Now that those protections have expired, creditors are moving aggressively to recover money they couldn’t reach during those years. Courts are processing older judgments, and collection agencies are reviving efforts to pursue unpaid debts, some going back a decade or more. 🧾
The result? Garnishments are currently at an all-time high in Detroit — and many people are struggling with sudden financial hits they weren’t prepared for. 😟
What Can You Do if You’re Facing a Garnishment? 🛑
Bankruptcy may be a powerful option to stop the garnishment immediately and eliminate the underlying debt. In fact, if you file for bankruptcy, you may even be able to recover up to 90 days' worth of garnished funds — putting much-needed money back in your pocket. 💰
Don’t ignore a garnishment notice — the sooner you act, the more options you have. ⚡
If you've received a garnishment notice or are worried about losing your paycheck, bank funds, or tax refund, give our office a call 📞. Let's set up a consultation and help you figure out how to sleep better tonight. 😌
We’re here to help you regain your peace of mind — and your financial future. 🌟
Meet the founderShakeena Melbourne
At the heart of Upton Law is Shakeena Melbourne, founder and Principal Attorney, a lawyer who is a fierce advocate for your peace of mind and happiness.
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