Episode Summary: In this informative episode, Luke Homen breaks down the essentials of wage garnishment—what it is, how it works, and how individuals can stop it. As the president of Convenient Bankruptcy and one of Oklahoma’s leading bankruptcy professionals, Luke explains the step-by-step process creditors must follow, the limits on how much can be garnished, and what legal protections exist for employees. He also shares practical insights on the difference between W-2 and 1099 workers, how business owners are affected, and the most common mistakes people make when facing wage garnishment.

Key Timestamps: 00:01 – Introduction to the Episode 00:45 – What Wage Garnishment Looks Like and How It Works 02:05 – Types of Debt Eligible for Wage Garnishment 03:15 – Legal Process and Steps Creditors Must Follow 05:05 – How Much of a Paycheck Can Be Garnished in Oklahoma 06:40 – Impact of Wage Garnishment on Everyday Budget 07:55 – Options to Stop or Reduce Wage Garnishment Without Bankruptcy 09:10 – How Bankruptcy Stops Wage Garnishment 09:45 – Wage Garnishment for W-2 Employees vs. 1099 Contractors 11:15 – How Business Owners Are Affected by Wage Garnishment 12:30 – Common Mistakes People Make When Facing Garnishment 14:10 – The First Step for Anyone Facing Wage Garnishment

About the Show: “All About Bankruptcy” explores the realities of financial distress and the legal tools available to help people regain financial control. Hosted by Luke Homen, this show provides clear, practical guidance on bankruptcy, debt relief, and financial recovery for individuals and families navigating tough economic times.