Supplemental Security Income overpayment and bankruptcy

Recently on our disability forum a disability recipient asked, “If I have been receiving Supplemental Security Income (SSI) benefits and the Social Security Administration has determined I owe them money for an Supplemental Security Income overpayment can the SSI overpayment be discharged if I file for Chapter 7 bankruptcy protection?”

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Lawsuit settlement can I keep it after bankruptcy?

If you have filed a personal injury claim, car accident claim, or any other type of civil suit you may be expecting a large lawsuit settlement. Unfortunately, it can take years to receive a lawsuit settlement, especially if the case has to be settled in court. So what do you do if you are in financial straits? Should you file bankruptcy now or wait for your lawsuit settlement? What happens if you file bankruptcy now but receive a settlement after the bankruptcy case has closed and you have received your bankruptcy discharge?

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Foreclosure can I get my house back?

Recently on our bankruptcy forum a user asked, “If my home has been sold through auction is there a way that I can get my property back?” Some states allow property owners who have lost their homes in a foreclosure to regain their property through a process known as statutory redemption. State laws vary, which means the amount of time you have to reclaim or redeem the property can vary, as well as the process for redemption.

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Chapter 11 vs. Chapter 13 bankruptcy whats the difference?

Both Chapter 11 and Chapter 13 bankruptcy may allow you to modify secured debt contracts, discharge certain unsecured debts that cannot be repaid over the term of the bankruptcy repayment plan, and to keep certain property needed to operate your business. There are some differences between the two bankruptcies, however, which are discussed below.

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Chapter 7 vs. Chapter 13 can I choose?

Given the increased eligibility requirements for filing Chapter 7 bankruptcy not all filers will have a choice of whether or not to file Chapter 7 or Chapter 13. Recently on our bankruptcy forum a user asked, “I was told that my income was too high to file Chapter 7 bankruptcy. What does this mean and what are my bankruptcy options?”

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Mortgage arrears and Chapter 13 bankruptcy

Chapter 13 bankruptcy may allow you to avoid surrendering your home. For example, assuming you are up to date on your mortgage payments and you continue to pay your mortgage, you can generally keep your home if you file Chapter 13 bankruptcy. What if you are behind on your mortgage payments and owe mortgage arrears? Chapter 13 bankruptcy may also allow you to repay your mortgage arrears within your Chapter 13 bankruptcy repayment plan.

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