A wage garnishment, whether imposed by a creditor through the courts, or imposed by Canada Revenue Agency, can turn a minor financial problem into a major financial crisis.
With a court authorized wage garnishment a creditor can seize up to 20% of your net wages. If you are in arrears to CRA, it is permitted to garnish up to 50% of your net wages.
You may think that with a wage garnishment in place, nothing can be done, or that you will have to hire an expensive lawyer to get the garnishment removed. No and no. You don’t have to suffer through a wage garnishment.
In most cases, the settlement amount to be paid is significantly less than the total debt owed.
We can offer you protection from your creditors and give you the opportunity to re-organize your finances and start anew.
If you are being threatened with a wage garnishment, or have one in place, contact our office today to see what solutions are available to you.