Bankruptcy Stops Sheriff's Sales, Tax Sales and Garnishments
If a creditor has obtained a judgment against you for a past-due loan, there are a number of collection actions that can be taken against you. Sheriff's sales, tax sales and garnishments are among the harshest measures debt collectors can employ. These measures can, however, be stopped simply by filing for bankruptcy. At Belknap & Mayer, P.C., we can protect you from these creditor actions so you can keep your property and keep the money in your bank account.
Take the first step to keeping creditors away from your property and your bank account. Contact us today online or by phone at 215-874-5415. We serve clients in Yardley, Pennsylvania and throughout the surrounding area.
Sheriff Sales
If a creditor has obtained a judgment against you and foreclosed on your property, the next step is a sheriff's sale. Sheriff's sales put your property on the auction block. The proceeds go toward paying down your debt. Your house, your land, your car and your personal property are all at stake. However, as long as you file for bankruptcy before the date of the sale, you will be allowed to keep your property and the sale will not go forward.
Tax Sales
A tax sale is much like a sheriff's sale, but it is brought forth by government entities for past-due taxes. The IRS and local tax collectors are not easy to deal with. If you have significant tax debt on any level - local, state, federal - you are subject to having your property taken away by a tax sale. A Chapter 13 bankruptcy can prevent a tax sale and give you up to five years to pay your past-due taxes.
If you're facing the loss of your home as a result of unpaid real estate taxes, a Chapter 13 bankruptcy can also save your home. Through a court approved payment plan, you can start repaying your overdue real estate taxes.
Garnishments
In Pennsylvania, most creditors cannot garnish your paycheck - but they can take the money from you after it is deposited into your bank account. Chapter 7 bankruptcy, Chapter 11 bankruptcy and Chapter 13 bankruptcy can protect your bank account from being frozen and garnished, so you can keep the money you earn.
Contact our Yardley, Pennsylvania Office Today
The problems of sheriff's sales, tax sales and garnishments all share a common solution: bankruptcy. Contact us today online or by phone at 215-874-5415 to speak with an experienced bankruptcy lawyer. Our attorneys serve clients throughout southeastern Pennsylvania from our conveniently located law office in Yardley.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
