Posts Tagged ‘social security’

Is social security income exempt when filing bankruptcy?

I am 66, must file bankruptcy against credit card debt. I work part time too. I was told the monthly income from social security does not count as income when I file bankruptcy. Anyone know about this?

Technorati Tags: , , ,

Is chapter 7 bankruptcy the right thing to do?

My sister has been on SSI ( social security income ) due to a disability for a few years. She got 3judgmentsered judgments against her from creditors ( about $ 10,000), she has no way to pay now. I advised her to file chapter 7 bankruptcy to wipe out this debt, Is it legal to file for chapter 7 bankruptcy in this case ?
Thanks for help

Technorati Tags: , , , , , , ,

I’m 30 years old, should I file for bankruptcy?

I have about ,000 in debts. Mainly from credit cards dating before 2002. I used to pay my bills on time, however, in 2002 I was diagnosed with a disabling illness and fell way behind on my bills. I no longer am able to work and have been on Social Security Disability Insurance for 6 months now. Would it be worth filing for Bankruptcy? or should I just wait till the "7 year reporting period" from creditors have passed, and not file? I really want to improve my credit rating ASAP! Also, I live in California and I’m planning on moving to Texas very soon. IF I should file for BK, Should I do it in CA or TX?

Technorati Tags: , , , , , , , , , ,

Can you file Chapter 7 Bankruptcy despite inheritance?

My mother recently inherited a sum of money from a family member that passed away this past year. She has told me that despite the inheritance she and my father will have to file for bankruptcy. She has no income and my father only get’s Social Security Disability checks in the amount of 00 a month which they currently use to keep up their home and vehicles. Can someone file for Chapter 7 bankruptcy in this situation?

Technorati Tags: , , , , , ,

The company I work for might go bankrupt. I am concerned about them paying Federal and state income tax?

Can they get six months behind in paying these taxes and social security. If they go bankrupt and not paid my taxes they have taken out of my paycheck, am I responsible for paying the taxes.

This is a small company (15 employees). It seems they don’t do everything to the book.

Technorati Tags: , , ,

-->