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Should you file a chapter 7 bankruptcy if you have large credit card debt and your only income is Social Security and pension benefits?
Wiki User
∙ 17y ago
Talk to a legal aid attorney and they may be able to tell what to do or to direct you to the right kind of attorney to talk to. *All Social Security benefits and the majority of private pensions are exempt from creditor attachment. States establish laws relating to the real and personal property that can be protected from judgment creditors. As noted in the previous answer, the best option would be for the individual to discuss his or her circumstances with a qualified bankruptcy attorney. A debtor may be considered judgment proof, (legal term execution proof), meaning they have not property that can be seized to pay debt owed. Creditors will often sue to obtain a judgment in the hope that the debtor will, at some future time obtain property that can be seized. Judgments are valid for several years and the majority can be renewed.
Wiki User
∙ 17y ago
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Are Social Security Benefits same as a pension?
NO.
If you file chapter 7 bankruptcy what happens with your state pension plan?
Uneffected.
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.
What has the author Robin Jeweler written?
Robin Jeweler has written: 'Recent developments in bankruptcy law' -- subject(s): Bankruptcy 'Employee pension benefits in bankruptcy' -- subject(s): Law and legislation, Pensions, Bankruptcy
Where can one receive a social security disability benefit?
Social Security Disability Benefits are available from the American Government. In Canada, they are called Canadian Disability Pension Plan Benefits.
Did Mitt Romney started taking his Social Security benefits and his governors pension from Massachusetts yet?
Mitt Romney isn\'t eligible for a state pension.
If you have a pension plus Social Security what is the tax rate of the Social Security?
That depends on the amount of income aside from Social Security. Up to 85% of your Social Security benefits are potentially taxable.
First age you can file for social security and is a widow pension that is being sent stop?
Usually at age 62 you can file for your own social security benefits. Would depend on what type of widows pension this is. Go to the SSA gov website SOCIAL SECURITY BENEFITS ONLINE and use the search box where you can find some information
How do you sign into the UTC Pension Center to look at your pension benefits?
You can sign into the UTC Pension Center at the Related Link. You will need your Social Security number, PIN, and last four digits of your Social Security number. If you do not have a PIN or have lost it, there are instructions on the page to get a new one.
Will bashas bankruptcy affect your pension?
no gehegle
Can credit card companies garnish pension and social security benefits automatically deposited into your bank account in Tennessee?
no way
Do you qualify for pension working for the TSA?
Yes, you can qualify for pension for working with the Transportation Security Administration (TSA). See the Related Links below for a full list of benefits of working with the TSA.
