Can Garnisheed Funds Be Returned In A Bankruptcy

2008-03-15

Lorraine, Funds that have been garnisheed from your paycheque are usually held in court until the court has determined that you do, in fact, owe the money and the court issues a judgement. If the funds are still in court on the day you file bankruptcy, they will go into the bankruptcy, not back to you. I am afraid your friend is wrong. Depending on your situation, those funds may be able to cover some or all of the cost of your bankruptcy and a bankruptcy will certainly prevent any further garnishee. Please call 310-9700 (a local call from anywhere in Saskatchewan) during business hours to discuss this further or book an free initial consultation. Ian Schofield Regina, Saskatchewan

Latest Blog Posts

2025-05-07

How to be a responsible credit card user

Leah Drewcock

Credit cards are a popular and convenient form of credit that can be a very useful tool.

Read More

2025-04-25

Understanding debt collection in Canada: Protecting your financial health

Olivier Boyd

Debt collection can be a daunting experience for many Canadians. Navigating the process alongside MNP’s team of experts can help you better understand how it will impact your credit score and gain the knowledge needed to maintain your financial health well into the future. 

Read More

2025-04-25

Top five mistakes to avoid when considering filing for bankruptcy

Bankruptcy

Filing for Bankruptcy is a significant decision that can provide a fresh start for Canadians overwhelmed by debt. However, it’s essential to approach this process with caution and awareness to avoid common pitfalls and make informed decisions to protect your financial future. 

Read More

Consultation icon