Asked on Feb 20th, 2013 on Bankruptcy - North Carolina
More details to this question:
I receive Social Security Disability and had to take out some pay day loans to meet some unexpected expenses. Can I file for bankruptcy? If so, will it interrupt my benefits?
No, but it would be smart to close any bank account that the pay day loan company can access. Also, 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.
Generally the bankruptcy would not have an effect on SSD benefits. Payday loan companies are very savy at avoulding discharge of their advances so I suggest you see a bankruptcy attorney before you do anything.
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