Your Economic Impact Payment is Not Exempt From Debt Collection

Your Economic Impact Payment is Not Exempt From Debt Collection

Your Economic Impact Payment is not exempt from debt collection. If a creditor sues you and gets a judgment, they can garnish your bank account and take your economic impact payment. A creditor cannot garnish your bank account until they have obtained a judgment against you. So please do not wait until you are sued to address your financial situation. If you file for bankruptcy there is an automatic stay that goes into effect. That means your creditor cannot call you, write you, sue you, or garnish you. Everything has to stop.

The above information is a general overview and is not intended to be used as legal advice. If you are considering filing for bankruptcy, the best thing to do is call our office at 248-557-3645 and schedule a free consultation so you can receive advice which is tailored to your specific circumstances.

By:​Michael Benkstein, Esq.

Managing Attorney, Bankruptcy Department

The Law Offices of Joumana Kayrouz, PLLC

1000 Town Center

Suite 800

Southfield, MI 48075

(phone) 248-557-3645

(fax) 248-200-0645

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The Law Offices of Joumana Kayrouz is a Multi-Service firm that specializes in Personal Injury, Immigration, Bankruptcy, Criminal, and Family Law. If you're in trouble, we can help.

Schedule a free no-obligation consultation to discuss your case.

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