Bankruptcy & Your Social Security Benefits

03/19/2014

bankruptcy attorney Ft. LauderdaleFiling a personal bankruptcy case can be a difficult decision. Worrying about whether your social security benefits will be affected by your filing may be adding to your stress. However, you may be surprised to learn that your social security benefits are not only excluded from the Chapter 7 means test, but are exempt from creditors!

It is important to note that in order to ensure that  your social security benefits are fully protected, you should have them deposited into a dedicated bank account that does not have other funds deposited into it. If your social security benefits are comingled with other funds, the bankruptcy trustee may have difficulty separating the two.

Please keep in mind that every case is different. If you are planning to file a personal bankruptcy,  you receive social security benefits, and  would like to schedule a no-cost consultation, please contact our office by completing the form on this website, calling us at 954-920-5355, or emailing us at info@lslawfirm.net.

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  Leiderman Shelomith
  Bankruptcy Attorneys

  2699 Stirling Road, Suite C401
  Fort Lauderdale, FL 33312
  Phone: 954-920-5355
  Fax: 954-920-5371

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Attorney Advertising. © Copyright 2017 Leiderman Shelomith. All rights reserved. Please keep in mind that every case is different, so if you are thinking of filing bankruptcy,
and would like to schedule a no-cost consultation, please contact our office by completing the form on this website,
calling us at 954-920-5355, or e-mailing us at info@lslawfirm.net.