Minnillo & Jenkins, CO. LPA
Call 513-723-1600
For A No-Pressure, Free Consultation

Overcoming Common Debt Fears

Many people who have trouble paying bills and face mounting debt, also worry about the possible consequences. They may fear extreme ramifications such as going to jail or losing their home. These types of fears can be paralyzing and result in a failure to act at all which can exacerbate debt problems.

In most cases, these fears are not warranted. If you are experiencing problems with debt, it is important to take steps to regain control over your financial situation. The following are some common fears about the consequences of debt that are often not based in reality.

Wage garnishment could take everything away from me

Wage garnishment happens when a creditor gains the legal authority to take a portion of your paycheck as repayment of debt. While wage garnishment can create financial hardships, it is important to remember that only a set amount of your wages can be garnished.

I could go to jail as a result of not paying my debts

There are only two types of debts that are punishable with jail time—failing to pay your taxes and failing to pay child support. Payments related to taxes and child support are considered nondischargable and must be paid. However, even if you fall behind and accrue tax or child support debt, you may be able to work out a repayment plan.

I should take threats made by debt collectors seriously

If you are receiving threats from debt collectors, it is likely that they are acting in violation of the Fair Debt Collection Practices Act (FDCPA). It is important that you report such behavior rather than take it seriously.

If you are concerned about overwhelming debt, you don’t have to live in fear. Take action today and speak with an attorney about your options.

No Comments

Leave a comment
Comment Information
Email Us For A Response

How Can We Help You?

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Contact us right now for a free bankruptcy consultation

NACBA - National Association of Consumer Bankruptcy Attorneys

Proud Member NACBA

We are proud members of the NACBA, a national organization dedicated to serving the rights of consumer debtors. Read More

Super Lawyers

Jenkins Named Super Lawyer!

Founding partner, Christian A. Jenkins, was selected by his peers and the media as a Super Lawyer. Read More

Cincinnati Office
2712 Observatory Avenue
Cincinnati, OH 45208

Phone: 513-723-1600
Cincinnati Law Office Map

Cincinnati Office
792 Eastgate South Dr
Suite 150
Cincinnati, OH 45245

Phone: 513-685-0612
Cincinnati Law Office Map

Fairfield Office
447 Nilles Rd
Suite 9
Fairfield, OH 45014

Phone: 513-795-0995
Fairfield Law Office Map

Covington Office
526 Philadelphia St.
Covington, KY 41011

Phone: 513-795-0995
Map & Directions