What is a Warrant in Debt, and how will it affect my finances?

Receive a warrant in debt?  That means you are being sued for a debt - someone (the plaintiff) is stating you owe them money and they are therefore filing a legal document with the court in hopes of recouping that either through wage garnishment or freezing your bank account. 

Can you make it if your bank account is frozen or your wages reduced by 25%?  If a judgment was recently entered against you, a creditor can freeze your bank account OR take 25% of your take home pay.

If your bank account is frozen, you will not have access to any money that goes into the bank for 3 to 6 months, with a few limited exceptions that require a court hearing to get the account released.

Don’t find yourself penniless.  If you want to stop this creditor in their tracks and find out how a bankruptcy can prevent this creditor from taking your hard earned money, call me today at (757) 320-2010 for a free consultation.

 

 

Edrie Pfeiffer
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Edrie Pfeiffer, Bankruptcy & Divorce Attorney