Leave my paycheck alone!
When you file for bankruptcy or make a proposal, an automatic stay of proceedings serves to stop wage garnishments, collection activities, and legal proceedings. Creditors must stop contacting you and must communicate with your licensed insolvency trustee. It is important to inform your trustee if you are subject to a wage garnishment or if your employer is served a garnishment notice after the filing of your proposal or bankruptcy. The trustee will contact the right people to make the garnishment stop.
However, it is important to note that the stay of proceedings does not apply to all debts, particularly those related to child support or alimony.
A consultation with a licensed insolvency trustee from Beaudin Groupe Conseil will help you understand how the stay of proceedings works and whether a proposal or bankruptcy is the best solution to tackle your debt.