Many individuals who consider their financial situations are often less than pleased with their current affairs. For some parties, budgeting or making other spending adjustments can help address certain financial areas that they feel need more attention. However, many other Louisiana residents may be consumed by substantial debt that has them considering bankruptcy.
It is not unusual for individuals to hesitate before seriously considering bankruptcy. This is a major financial and personal step, and it can be difficult to decide if it is the right path. However, if a financial situation has gotten to a point at which wages are being garnished, bankruptcy may be an option worth exploring. After filing for bankruptcy, an automatic stay can halt wage garnishment efforts and help parties retain more of their pay.