My children receive social security benefits. Do I include this as income in my bankruptcy?
As a parent, you may be wondering if you need to include your children's allowance as income when filing for bankruptcy. The answer is maybe. It all depends on how the money is being used.
If the allowance is used for household expenses, then it would be considered part of your income and would need to be included in your bankruptcy filing. However, if the allowance is used solely for your children's expenses, then it would not be included as part of your income.
Either way, it's best to speak with an experienced bankruptcy attorney to get a better understanding of how your particular situation would be affected by including or excluding your children's allowance in your bankruptcy filing.
The Law Offices of Omar Zambrano has helped thousands of people and businesses in the past to get out of debt and start over.
Our goal is to help you find a fresh start so FAST!
Schedule your free consultation today! By Calling 626-338-5505 or visiting us at 12738 Ramona Blvd Baldwin Park CA 91706