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Bankruptcy

: Florida Bankruptcy Law

Social Security Income in Chapter 13

By Jonathan Alper

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I received an email about the treatment in Chapter 13 bankruptcy of money received for basic social security and for social security disability. Social security payments do not count as income for computation of means test eligibility under the new bankruptcy law.. Yet, once someone wants to, or is forced into, a Chapter 13 bankruptcy instead of a Chapter 7 there is a separate income issue. The issue in a Chapter 13 is the amount of the debtor?s disposable income. Debtor?s must pay all disposabl read more

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Full post as published by Florida Bankruptcy Law on May 16, 2008 (boomark / email).

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