I am sure that you have heard the expression, “When you’re a hammer, everything looks like a nail!” Unfortunately, this also can sometimes be applied to the legal profession: “When you’re a bankruptcy attorney, everyone in financial trouble needs to file bankruptcy!” But the fact of the matter is, that is simply not true! The solution to the problem depends on the problem itself.

Don't Let Them Call You a Nail!

I consulted with a woman recently who had had her bank account levied by a creditor. The problem was, the account was held jointly with her husband, her spouse did not owe the debt, and his paycheck got deposited into that account!

Want to Find Out How to Get Some (or All) of Your Money Out of a Bank Levy? Then download my FREE NJ Bank Levy Survival Kit NOW

We talked about the steps that she needed to take in order to challenge the levy, but in our discussions she revealed that she had talked to other attorneys before coming to me, and that one had immediately recommended bankruptcy as a way to stop the levy. This, understandably, turned off the woman as she did not want to file bankruptcy.

What is the "Take-Away"?

This story is a very important one, not only for those that are dealing with a bank levy or wage execution and need to stop it, but for those considering bankruptcy as well. In order to determine the best course of action for your financial dilemma, you need to look at ALL possible options to see which one is best.

I do this every day in bankruptcy consultations, and there have been many occasions where I have told people NOT to file bankruptcy. Even though it did not result in my making a fee, it was the right choice for that person.

Get an Attorney Who Will Discuss ALL of the Options

If you are having a difficult time with a creditor, and that is your only problem, then you need to deal with it specifically. However, if your difficulties go beyond one or two creditors, and you are struggling to deal with many different debts, then bankruptcy might be the best path.

Ironically enough, that is what this woman decided after our extensive discussions about the levy and how to fight it. She felt comfortable with that decision because I didn’t push it on her; she considered the alternatives first.

What Should I Do?

If you are fending off creditors bringing bank levies or wage garnishments, you need to talk to a lawyer. If you live in southern New Jersey,and would like my assistance, feel free to call my office at 856-432-4113 or contact me through this site to schedule an appointment in my Woodbury office. I would be happy to go over with you all of your options.

Want more information on how to fight back with your creditors? Then download my free book, The Biggest Secrets Your Creditors Don't Want You to Know. Become empowered and protect your rights!

But if you are dealing with several creditors, and you are wondering whether you need a solution to a bigger problem, then download my free book, Am I In Too Deep? A Guide to Knowing When You Need to File Bankruptcy in New Jersey to find out if bankruptcy might be the right solution. You could also just give me a call and come in to discuss it further! I look forward to helping you!

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Steven J. Richardson
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Bankruptcy, Collections, Student Loan, DUI and Traffic Court attorney in Woodbury, NJ.
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