Does Bankruptcy Affect My Disability Benefits?
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Filing for bankruptcy is a difficult decision to make, and one that comes with many consequences. While bankruptcy may help you get back on your feet financially, it can have negative repercussions for those receiving disability benefits. Does Bankruptcy Affect My Disability Benefits?
The short answer is: it depends. It all depends on the type of disability benefits you are receiving and if they are part of the bankruptcy process or not. Generally speaking, Social Security disability income (SSDI) payments are not affected by filing for bankruptcy because they aren’t considered assets and cannot be discharged in a Chapter 7 or 13 filing; however, Supplemental Security Income (SSI) payments may be affected depending on how much money you have in other accounts when you file for bankruptcy.
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