QUESTION
If I apply for bankruptcy, will it affect my Social Security Income and will it eliminate all my unsecured debts?
Asked on Oct 31st, 2012 on Bankruptcy - New Jersey
17 ANSWERS
Bankruptcy Attorney serving Buford, GA
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Kenneth A. Parker, PC
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It will not affect your Social Security and will most likely eliminate all of your unsecured debt. Call a Bankruptcy Attorney to get more details about your situation.
Answered on Nov 07th, 2012 at 9:31 PM
Bankruptcy Attorney serving Overland Park, KS
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The Smalley Law Firm, LLC
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Bankruptcy will not effect your social security income and will discharge most, if not all, unsecured debts. I suggest you consult with an attorney to discuss the specific details of your situation.
Answered on Nov 05th, 2012 at 10:18 PM
Bankruptcy Attorney serving Hampton, VA
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Haven Law Group, P.C.
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No, it will not affect your social security income. And yes, it will eliminate your unsecured debts except for student loans, some taxes, support arrears and a few other ones. Credit cards, judgments, medical bills are all discharged.
Answered on Nov 02nd, 2012 at 11:35 PM
Administrative Law Attorney serving Ann Arbor, MI
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David J. Hutchinson
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It probably will not affect your Social Security payments and should eliminate most, if not all, of your unsecured debts, but you should talk to a good bankruptcy lawyer about your specific facts to be sure.
Answered on Nov 02nd, 2012 at 1:39 AM
Bankruptcy Attorney serving Phoenix, AZ
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Law Office of D. L. Drain, P.A.
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No, it will not affect your social security. Yes, it will take care of your credit cards debts so long as you did not incur these debts on the eve of bankruptcy. Please understand that filing for bankruptcy is a very complicated process. It is wise to talk to an experienced bankruptcy attorney before deciding to take this important step. Most Arizona bankruptcy attorneys offer a free consultation about the basics of bankruptcy.
Answered on Nov 02nd, 2012 at 1:37 AM
Construction Litigation Attorney serving Mission Viejo, CA
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Law Office of Christian F. Paul
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Filing a bankruptcy petition won't change your income, but you'll have to list all sources of income on your petition. Ordinary Chapter 7 bankruptcy aims to discharge (eliminate) most debts, to give the honest debtor a fresh start. The amount of debt you have and your assets and income will obviously play a part in determining whether you qualify to have your debts discharged. You should make an appointment to speak with a bankruptcy attorney many offer a half-hour free consultation and get his or her evaluation. Take your last two tax returns, last two pay stubs and other proof of income, latest statements or invoices for all your debts, car registration, house deed, and a recent free credit report, along with a list of your usual monthly expenses (food, rent or mortgage, car payment, etc.). These things will allow the attorney to quickly size up your situation and advise you whether you can be helped by bankruptcy, how much it will cost, etc. And it's okay to visit more than one attorney to make sure you get the full scoop. Good luck to you.
Answered on Nov 02nd, 2012 at 1:34 AM
Bankruptcy will not affect your social security income, but there is no guarantee it can eliminate all unsecured debts. For example, student loans are unsecured debts that cannot be eliminated through bankruptcy. Debts relating to criminal or criminal like offenses, such as a DUI motor vehicle accident, also are unsecured debts that can't be eliminated through bankruptcy. And for those who run up their credit cards and file bankruptcy within 6 months of making the charges, well, you may not be able to eliminate these debts in bankruptcy either.
Answered on Nov 02nd, 2012 at 1:28 AM
Yes, it will eliminate all your unsecured debts (except most taxes, student loans and child support) and no, it will not impact your Social Security.
Answered on Nov 02nd, 2012 at 1:26 AM
Daniel James Wilson
BK will not affect your SS benefits. Most unsecured (and secured) debts will be discharged. The big exception is student loans, which are generally not dischargeable.
Answered on Nov 02nd, 2012 at 1:26 AM
Appellate Attorney serving Grosse Pointe Farms, MI
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Musilli Brennan Associates, PLLC
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No, on the social security generally. As for the discharge, details are necessary before a prediction is made. Normally today, if there is any ability to pay, it is a chapter 13 with a five year court imposed payment program.
Answered on Nov 02nd, 2012 at 1:01 AM
Bankruptcy Attorney serving Alpena, MI
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Carl C. Silver Attorney at Law
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Filing for bankruptcy will have no effect on your social security income. It will discharge or eliminate all of your unsecured debts.
Answered on Nov 02nd, 2012 at 12:46 AM
Bankruptcy Law Business Attorney serving Asheville, NC
Partner at
Pitts, Hay & Hugenschmidt, PA
2 Awards
It will not affect your Social Security and it will eliminate all of your unsecured debts, in most cases.
Answered on Nov 02nd, 2012 at 12:45 AM
Litigation Attorney serving San Antonio, TX
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Graves Law Firm
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Bankruptcy should not affect your Social Security income. If you qualify, and you probably do, you can wipe out your unsecured debt.? You'll have to give up any non-exempt property, but you probably don't have any non-exempt property to lose.
Answered on Nov 02nd, 2012 at 12:45 AM
Bankruptcy Attorney serving Myrtle Beach, SC
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Law Office of Margaret L. Evans, PC
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It will NOT affect your social security income; it can help eliminate your unsecured debt, PROVIDED, HOWEVER, that the unsecured debt is credit card bills, medical expenses and other non-priority unsecured creditors. Taxes and domestic support obligations (alimony or child support) are not discharged.
Answered on Nov 02nd, 2012 at 12:38 AM
generally, most unsecured debts are discharged in bankruptcy. Bankruptcy does not affect social security income.
Answered on Nov 02nd, 2012 at 12:24 AM
Criminal Defense Attorney serving Deltona, FL
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R. Jason de Groot, P.A.
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Your social security income would not be affected by filing bankruptcy, and if you can file a chapter 7 all your unsecured debt, and even secured debt, will be discharged.
Answered on Nov 02nd, 2012 at 12:22 AM
Bankruptcy Law Attorney serving Livingston, NJ
Partner at
Law Office of Stuart M. Nachbar, P.C.
2 Awards
It will not effect social security and yes will eliminate unsecured debt.
Answered on Nov 02nd, 2012 at 12:18 AM