If you are collecting Social Security and considering bankruptcy, you may be wondering how it will impact your income.  According to federal laws, any income from Social Security is exempt.  This means that it is protected from any claims made by creditors except some claims that may be made by the federal government.

If the only income you receive is from Social Security, most creditors will not be able to seize your income.  However, you may decide to still file for Chapter 7 bankruptcy to protect yourself from creditor harassment and to put an end to collection attempts.

Do you have questions about bankruptcy and how it will impact your Social Security payments in Houston?  If you answered "yes", the very best thing that you can do is to consult with a Houston bankruptcy lawyer at the Malaise Law Firm.  Do not hesitate tocontact our knowledgeable legal team today!