My children receive social security benefits. Do I include this as income in my bankruptcy?
If your children are receiving social security benefits, you may be wondering whether or not you should count this as income in the event of filing for bankruptcy. Generally speaking, it is important to include all sources of income when considering a bankruptcy filing.
It is possible, however, that any money received from Social Security would not count toward your total income due to certain exclusions in the federal law. It’s important to talk with an attorney if you are unsure whether or not Social Security payments should be included in your bankruptcy filing. They can explain what kind of information you need to provide and how it affects your case overall.
Additionally, there may also be state-specific regulations regarding Social Security payments and bankruptcy filings which can vary from state to state.
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