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    iloveoliver's Avatar
    iloveoliver Posts: 4, Reputation: 1
    New Member
     
    #1

    Apr 25, 2008, 11:14 PM
    Social Security funds & bankruptcy
    I need help to see whether Social Security monies are exempt from bankruptcy. The Chapter 7 bankruptcy papers were filed on Mar 21, 2008. I checked my checking acct balance on Mar 20 and found a large deposit from the US Treasury. It represented 14 months of back pay for SS disability. I had applied last August and had not expected to be approved.

    There was $140.00 in the account on that day. Are these funds still exempt once they have been deposited and co mingled with other monies?

    Please I am so anxoius about this and losing sleep. My atty seems to think they are but is not 100% positive. This makes me nervous and not feeling so confident in him.

    Any advise would be most appreciated.

    Thanks
    lawanwadee's Avatar
    lawanwadee Posts: 3,653, Reputation: 124
    Immigration Expert
     
    #2

    Apr 26, 2008, 12:24 AM
    In most state, disability income cannot be garnished or attached by creditors. Check with your local attorney.

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