In Debt Over Your Head? Bankruptcy Considerations For Those On Social Security Disability
Living on social security disability payments as an exclusive form of income means you have little margin for financial emergencies. Unexpected expenses and life circumstances can quickly overextend that income, and you can easily become burdened by debt. Payday loans and debt settlement programs can sometimes make matters worse if you are unable to keep up scheduled payments. Is Chapter 7 bankruptcy a viable option for you? If you declare bankruptcy, can you keep your disability payments?