Social Security and Retirement Checks
If I file bankruptcy can the court take my monthly direct deposit checks from my checking account??? My checks are my only source of income and I could not live if they were attached..
1 Answer from Attorneys
Re: Social Security and Retirement Checks
The short answer is NO. Your Social Security and Retirement checks are almost always exempt from execution (seizing to pay a debt). There are several kinds of bankruptcy -- if you chose to file a Chapter 13 bankruptcy, you could set up payments to be taken out of your bank account, but that would be something that you would know about (and agree to) before it every happens.
Consult with an experienced bankrutpcy attorney for more details. Many offer free consultations. One place to find such lawyers in your area is the National Association of Consumer Bankruptcy Attorneys, or www.nacba.org.
Related Questions & Answers
Can my husband include a land contract in a bankruptcy? My husband and I signed a... Asked 12/05/06, 11:36 am in United States Indiana Bankruptcy Law
My house Can you save your house by filing if it is in focloser now Asked 11/22/06, 11:39 am in United States Indiana Bankruptcy Law
Zyprexa Suit vs. Bankruptcy I filed Bankruptcy and it was Discharged June 2005. I... Asked 10/04/06, 8:53 pm in United States Indiana Bankruptcy Law