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Bankruptcy Orders

by rlcoch01 last modified Nov 02, 2007 08:39 PM

If you've voluntarily declared yourself bankrupt or have been found by a court to be bankrupt, a "bankruptcy trustee" will arrange for the payment of your creditors.  This trustee might send a bankruptcy order to your employer, requiring that a certain amount of your earnings be paid to the trustee.  This individual will use these withheld wages to pay your creditors.

Bankruptcy orders and other involuntary deductions.  Bankruptcy orders have to be satisfied before all other claims against your wages.  When your employer receives a bankruptcy order, your other involuntary deductions will cease.  Your trustee will arrange for you to pay off all your debts, including those represented by these involuntary deductions.

Your employer can't continue to withhold wages for other garnishments unless the trustee instructs your employer to do so.  If you've got a creditor who isn't listed in the bankruptcy order, your employer needs to ask the trustee whether or not to continue with that specific garnishment.  You can't be fired for having a bankruptcy order issued against you.

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