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In "Debt-Free and 30," industry experts discuss debt, money, and personal finance. Doug Hoyes, co-founder of Hois Michaelis Associates, specializes in bankruptcies and consumer proposals. The top reason people in debt panic and call a bankruptcy trustee is wage garnishment. While debt builds up over time, wage garnishment can be the breaking point that drives people to seek help. Threats of wage garnishment often push individuals to take action.