Will consolodating my debt stop garnishing
They are:1) Fines imposed by a Court;2) Debt incurred by misrepresentation (fraud);3) Alimony or maintenance payments;4) Debt for damages imposed by Civil Court for intentional bodily harm, sexual assault or wrongful death;5) Student loans, if bankruptcy occurs within 7 years of ceasing full or part-time studies. Certain kinds of debts are not erased by bankruptcy.Also, if you ever have questions or need FREE advice about your student loans, you can always contact your Department of Education loan servicer. Switch Your Repayment Plan You may be able to lower your monthly student loan payment by switching to a different repayment plan.
This means that calls from creditors and collection agencies will stop and a creditor cannot garnish your wages.
The income-driven repayment plans also have tax consequences for any forgiveness received.
Apply for an income-driven repayment plan now If one of the income-driven repayment plans is not a good option for you, we offer other options.
Being discharged means:1) You are no longer bankrupt;2) You are now officially discharged from having to pay your debts;3) You are allowed to apply for credit (although you may not get it).
Are a spouse’s assets & liabilities affected by my bankruptcy? When you go bankrupt your goal is to do everything that is required so that you can be "discharged" from bankruptcy.