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How does wage garnishment affect you?

Kentucky residents like you work hard to support yourself and make all of your bill and debt payments on time. Unfortunately, if you do fall behind, you could find yourself facing the possibility of having your wages garnished.

According to the Legal Dictionary, wage garnishment occurs when you owe back taxes, or if you're behind on mandatory payments like student loans or child support. It means that the money you make - your wage - is being withheld from you. This is considered an extreme form of debt collecting due to the fact that you don't even see the money before it's collected by the institution and/or individual that you owe money to.

Wage garnishment can take place indefinitely, until you're able to pay back the institution or individual that you're indebted to. This can have a huge impact on your daily life. You may be forced to rearrange your entire budget in order to compensate for the money you're losing to the wage garnishment. This can affect your ability to pay off other bills, which can cause you to fall even further into debt. It can also negatively impact your credit score and make it difficult for you to even attain amenities necessary to your quality of life, like groceries or gas.

Bankruptcy may help you in this case. It can provide relief to people like you who are having your wages garnished, which can be a big financial relief if you've been struggling to keep up with your life while also dealing with money being stripped from your paycheck.

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