Have you been spending more than you’re making? You may have realized that you’ve found yourself in debt — and the IRS is about to lay down a wage garnishment in order to collect the money you owe.

Some of the most common forms of debt that lead to wage garnishment include the following:

  • Defaulted student loans
  • Unpaid court costs
  • Child support
  • Taxes

At the Law Office of Bardsley & Gray, we specialize in helping those who are faced with wage garnishment. We understand how traumatizing it can be to have the IRS take up to 65% of your paycheck, so we will work with you to reach an agreement where both parties are satisfied and so you can get your life back on track. Here are a few options that you have when the IRS garnishes your wages.

  • Pay what you owe. It’s as simple as that: Pay off your debts and the wage garnishment is immediately and automatically lifted. However, this may not be easy for those who find themselves in this situation.
  • Make a payment plan. We will help you work with the IRS to come up with a manageable payment plan. Payments will be broken down monthly so that you have a better chance to get rid of your debts. If you pay each monthly installment, then your employer won’t need to get involved.
  • Make a bulk payment. This is where you would really need to help of a lawyer or tax professional. You can try to offer a lower full payment to the IRS in order to avoid full out wage garnishment.
  • File for bankruptcy. Don’t be embarrassed or scared to file for bankruptcy. At the Law Office of Bardsley & Gray, we’ve helped many clients successfully go through the bankruptcy process. Some benefits of bankruptcy include starting off on a blank slate.
  • Quit your career. This option works, but only for so long. If you leave your current job, it may take some time for Uncle Sam to track you down at your new job. In the meantime, this time could give you an opportunity to pay off some debts.

As always, the best and safest route is to pay your bills on time and make sure that you aren’t spending more than you earn. If you find that your wages are being garnished, talk to our New Bedford law office today to discuss your options.