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It will not affect your disability, although it may improve your feeling of wellness. It may affect your disability income if you are getting SSI, since you have eliminated your debts and may have more disposable income. If you are in subsidized housing, your rent may also be affected.
Wiki User
∙ 14y ago
Wiki User
∙ 15y agoIf you are disabled, your income is probably below your state's median income and you can qualify for chapter 7. I'm not sure how else disability matters.
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How would declaring bankruptcy affect your disability pension?
It shouldn't, SSD. RRD and private disability benefits would not be affected by BK and are exempt from attachment in creditor lawsuit judgments.
Can a veteran's disability be garnished for chapter 13 bankruptcy in Georgia?
Chapter 13 (and all) bankruptcy is Federal Filing. And, no, usually Vets benefits are protected under bankruptcy. See an attorney familiar with these matters.
Can the bankruptcy trustee take money for debt repayment in the six month period after bankruptcy disbursement if they receive a large Social Security Disability payment?
Typically no. There are no absolutes here. If you disclosed to the Court that you were in the process of obtaining Disability, you should have nothing to worry about. However, if you kept this info from them, I would ask the lawyer who handled your case. * No. All Social Security benefits whether disability, SSI, or regular pension benefits are exempt from bankruptcy action.
How will my coming retirement affect the disability benefits I'm currently receiving?
There are only a couple factors that would affect your disability benefits. It depends on when you were injured and how you were compensated for the injuries that occured. Your best bet is to contact the Social Security office and ask to speak to someone there about your current situation.
Can you file bankruptcy if you receive VA disability?
It is possible to file bankruptcy when receiving VA disability.
Can bankruptcy prevent garnishment of private long-term disability income?
Long term benefits are protected from creditors as long as you don't commingle those disability benefit monies with other monies in your bank account.
What are disability benefits?
Disability benefits are government benefits which are provided for people who have an ailment classified as a disability under the Americans with Disabilities act.
What disAbility benefits are there?
There are disability benefits for people that might be facing problems with their health. There are also disability benefits for people with mental problems as well.
Where can someone apply for disability benefits?
You can apply for disability benefits at your local social security office. You can also review the adult disability checklist and apply for disability benefits online.
Are there temporary disability benefits for Florida residents?
Are there temporary disability benefits for Florida
Will moving to another state affect your disability benefits?
Your individual disability insurance policy is portable and benefits will not be affected by moving to a different state. If you have disability insurance through your employer, and move in a new state while working for the same employer, benefits will not be changed. However, if you leave your employer, you may lose the disability insurance benefits through a group DI policy. If you are currently disabled and are receiving disability benefits from the state, you will have to check with the new state regulations on social security DI; If you are receiving benefits through a personal/ individual insurance policy from an insurance company, then benefits are not going to be affected by the state of residence.
If ss disability payments are exempt from a bankruptcy why would your disposable income change if the only added income was from the ss?
Is VA Disability income exempt from bankruptcy income claim?
