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"Benefits Of Filing Bankruptcy" Discussion

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Professional Q&As for "Benefits Of Filing Bankruptcy"

Upsolve Community Member
2021-12-14

Can I file bankruptcy if I'm on social security disability

Community Replies:

Upsolve Community Member
Sherry, thanks for asking! There's no rule preventing people who receive social security benefits from filing bankruptcy, but the most important question is whether it's a good fit for their circumstances. 

Upsolve Community Member
You might find these articles helpful! https://upsolve.org/learn/bankruptcy-and-disability/ https://upsolve.org/learn/should-i-file-for-chapter-7-bankruptcy/ 

Upsolve Community Member
Our Learning Center is a great place to go to learn more about how disability benefits might relate to a bankruptcy filing. There's certain rules that apply that may be in your benefit- read that article and let us know if you have any other questions 

Upsolve Community Member
2021-12-21

I just filed for social security disability and Medicaid, will filing for bankruptcy affect the decision for either or both and should I let them know that I would like to file for bankruptcy

Community Replies:

Upsolve Community Member
Corinne, thanks so much for asking- this might be a good place to start learning more about how bankruptcy relates to these benefits: https://upsolve.org/learn/bankruptcy-and-disability-benefits/ 

Upsolve Community Member
Generally speaking, it's not required to let benefits agencies know that you're filing for bankruptcy. 

Upsolve Community Member
Hope that helps! Keep asking questions if there's anything else you'd like to know :) 

Upsolve Community Member
2021-11-30

I'm really starting small. I need money for Christmas. What can I do. I'm not filing bankruptcy. Nothing to file on. I'm disabled living on $794 a month. Outta that comes rent electric ,water and a little food. I need help.

14 Reactions

Community Replies:

Upsolve Community Member
Colleen, so glad you're here. You might find some of the resources in our Learning Center helpful when you're tight on cash, like this one. https://upsolve.org/learn/7-steps-to-improve-your-credit/

Upsolve Community Member
What else has helped folks here when they've been in a tough spot? 

Upsolve Community Member
Get on SNAP assistance, it’s never a bad thing to be on! I’m on it until my situation gets better and it took me a while to accept that that’s what I needed to do to help myself!

Upsolve Community Member
some of the Upsolve articles also have ideas for improving finances, like what to do about your credit score 

Upsolve Community Member
Let us know how we can help, thanks so much for being a part of this community and sharing! 

Upsolve Community Member
Christmas is right around the corner, so be sure to contact your local nonprofit agencies, religious centers, community/neighborhood centers and ask if there's help for the holidays for low-income individuals. Help with food means more cash for you. Long-term thinking, make sure you've applied for all the benefits available to you to help with housing and utilities (that will leave you with more cash). The government has a https://www.benefits.gov/benefit-finder you could try and the website is worth looking into. Upsolve has an article https://upsolve.org/learn/stop-spending-money-tips/ and some of the tips are geared for people in your situation. I'm not sure if there's any creative gifts you can make and sell or services you can offer, but if you think of anything, there will be people rushing around at the last minute that will need help! 

Upsolve Community Member
2021-12-14

Can I file bankruptcy if I'm on social security disability

3 Reactions

Community Replies:

Upsolve Community Member
There's no regulation specifically preventing anyone on social security from filing bankruptcy. Whether you'll qualify and whether it's your best option will depend on the specifics of your circumstances. 

Upsolve Community Member
You can learn more about disability benefits and how they relate to a bankruptcy filing by reading this article: https://upsolve.org/learn/bankruptcy-and-disability/

Upsolve Community Member
There's more information about whether filing is a good idea for your circumstances here! https://upsolve.org/learn/should-i-file-for-chapter-7-bankruptcy/

Upsolve Community Member
If you suddenly ask yourself if your SSD benefits might change because of bankruptcy you can read this article: https://upsolve.org/learn/bankruptcy-and-disability-benefits/

Upsolve Community Member
2021-11-23

Does your credit score make it harder to get a job

2 Reactions

Community Replies:

Upsolve Community Member
Pete, really glad you asked this. Certain states prohibit this, but some jobs are able to deny employment based on a credit score. 

Upsolve Community Member
This article can help: https://upsolve.org/learn/bad-credit-denied-job/

Upsolve Community Member
You might also wonder if filing bankruptcy could impact your employment? This could help! https://upsolve.org/learn/housing-jobs-and-benefits-after-bankruptcy/


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    Upsolve is a 501(c)(3) nonprofit that started in 2016. Our mission is to help low-income families who cannot afford lawyers file bankruptcy for free, using an online web app. Spun out of Harvard Law School, our team includes lawyers, engineers, and judges. We have world-class funders that include the U.S. government, former Google CEO Eric Schmidt, and leading foundations. It's one of the greatest civil rights injustices of our time that low-income families can’t access their basic rights when they can’t afford to pay for help. Combining direct services and advocacy, we’re fighting this injustice.

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