Living on Social Security is not easy. The bankruptcy expert attornies at Weik, Chimko and Associates can help you through a bankruptcy is you are receiving Social Security benefits of any kind.

Federal law makes your Social Security benefits exempt from levy, garnishment, assignment by regular creditors, and from the trustee in bankruptcy.

(The federal government can withhold some part of Social Security payments for taxes, student loans, or support, however.)

That means that even a creditor with a judgment cannot intercept your Social Security payments nor can they take the money from you after it has been paid to you.  Once you file bankruptcy, you may still recieve Social Security payments. 

Other exemptions
In addition to the federal exemption for Social Security benefits, each state has law protecting certain assets from the individual’s creditors.  Most retirement plans, pensions, and 401(k) plans are also exempt from collection.  To find out which assest are exempt in your personal case, please call us at 877.334.3922 today.