I only wish.
Putting it a different way, people have a remarkably high tolerance for harassment, annoyance, and depression. They often deeply feel that their current inability to pay on a regular basis as a personal failure, and so they see being punished by extremely persistent bill collectors as a reasonable thing.
Some folks deserve more compassion than others.
Generally, they were playing "ostrich" while their creditors were playing "blitzkrieg". That's a bad mismatch. They had their pockets picked by judgment creditors who garnished entire bank accounts, as well as 25% their net salaries (if the creditor is a garden variety creditor, and not owed child support, for instance).
Ordinary, garden-variety judgment creditors can only garnish a maximum of 25% of your net wages, and the Judges who preside over the garnishment paperwork aren't unkind; if you ask them (by checking a box and showing up at a hearing), they will usually reduce the amount being garnished to 15% on the basis of "hardship", which it is, of course.
Of course, if you didn't pass the means test, maybe that extra 10% garnishment is a good thing!
Sometimes your evil creditors (one word) can be your best friends, if you are just a smidgen over the means test; after all, if a judgment creditor is garnishing 25% of your net, and you were a hundred dollars over the means test, that suggests that you'll be able to file a bankruptcy soon!
So congratulations on your garnishment! Now let's make it go away, right?
Putting it a different way, people have a remarkably high tolerance for harassment, annoyance, and depression. They often deeply feel that their current inability to pay on a regular basis as a personal failure, and so they see being punished by extremely persistent bill collectors as a reasonable thing.
Some folks deserve more compassion than others.
Generally, they were playing "ostrich" while their creditors were playing "blitzkrieg". That's a bad mismatch. They had their pockets picked by judgment creditors who garnished entire bank accounts, as well as 25% their net salaries (if the creditor is a garden variety creditor, and not owed child support, for instance).
Ordinary, garden-variety judgment creditors can only garnish a maximum of 25% of your net wages, and the Judges who preside over the garnishment paperwork aren't unkind; if you ask them (by checking a box and showing up at a hearing), they will usually reduce the amount being garnished to 15% on the basis of "hardship", which it is, of course.
Of course, if you didn't pass the means test, maybe that extra 10% garnishment is a good thing!
Sometimes your evil creditors (one word) can be your best friends, if you are just a smidgen over the means test; after all, if a judgment creditor is garnishing 25% of your net, and you were a hundred dollars over the means test, that suggests that you'll be able to file a bankruptcy soon!
So congratulations on your garnishment! Now let's make it go away, right?
Leave a comment