QUESTION
If we file chapter 7 can they take my 15 months back pay from social security disability when I finally receive it?
Asked on Dec 02nd, 2015 on Bankruptcy - Oregon
8 ANSWERS
Commercial & Bankruptcy Law Attorney serving Powell, OH
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Ronald K. Nims
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No, social security disability is always exempt including disability, old age and survivorship payments.
Answered on Feb 08th, 2016 at 7:33 AM
William Rhymer
Usually no, as long as you keep the social security benefits segregated from any other money you have.
Answered on Dec 16th, 2015 at 2:24 AM
In order not to lose any asset, you have to protect it by properly claiming it as exempt. An experienced bankruptcy attorney can make sure this asset is completely protected.
Answered on Dec 14th, 2015 at 4:54 AM
2 Awards
No. This is exempt.
Answered on Dec 10th, 2015 at 4:25 PM
No, that is not considered income.
Answered on Dec 10th, 2015 at 4:23 PM
Bankruptcy Attorney serving Madison, WI
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Richard B. Jacobson & Associates, LLC
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The key thing is to exempt this form of property, and under the right (sub)section. A skilled lawyer in your locality can be a tremendous help and is almost alwYs worth the investment.
Answered on Dec 10th, 2015 at 3:17 AM
While there are a lot of factors to consider before giving you a definitive answer, usually a way can be found to exempt those benefits so you can keep them.
Answered on Dec 10th, 2015 at 3:16 AM