QUESTION
If I have 2 credit cards and I'm on SSDI, can I file for bankruptcy?
Asked on Oct 02nd, 2017 on Bankruptcy - New Jersey
3 ANSWERS
Commercial & Bankruptcy Law Attorney serving Powell, OH
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Ronald K. Nims
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Why? Social Security Disability Income is exempt from your creditors, even if they get a judgment, they can't take the SSDI money. Unless you have some assets that they can take, I wouldn't recommend a bankruptcy. They might give you some calls and letters but unless you're a snowflake, just tell them that you're not paying.
Answered on Oct 04th, 2017 at 7:35 AM
Bankruptcy Law Attorney serving Livingston, NJ
Partner at
Law Office of Stuart M. Nachbar, P.C.
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Yes, you can but if the only income you have is SSDI, no pension, no IRA etc then you would technically be asset collection proof as they can not take SSDI.
Answered on Oct 03rd, 2017 at 7:41 AM