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Social Security payments not likely to stop due to shutdown

Recipients of Social Security benefits usually live on a very tight budget. They usually don't have the financial backing to be able to live without getting their monthly benefit check. Many recipients of these programs are probably worried about how the current partial government shutdown is going to affect their benefits.

The good news is that there is very little chance that Social Security Disability Insurance (SSDI) checks will be delayed because of the shutdown. The Social Security Administration (SSA) has a contingency plan in place for times like this. Unlike some other benefits that people count on, SSD is funded through a combination of long-term investments and taxes.

Common factors that can lead to a bankruptcy filing

Many factors in your life might make you more likely to have to file for bankruptcy. While many of these can't be helped, such as unforeseen medical bills or loss of job, there are some that you might have control over. In all cases, it is best to know your options and whether bankruptcy would be helpful or may be avoided.  Talk to a bankruptcy attorney so you are fully informed.

Using your available credit to pay for regular living expenses can leave you financially exposed and ready for bankruptcy. Just the same, you may not have much choice but to rely on credit if you hit an unexpected rough patch and lose your job for a while or just have unusual expenses. Still, reviewing a budget can help you see where your money is going so that you know what you can spend. Seek help with your finances before making any significant moves.  A bankruptcy attorney can advise you of your alternatives.

Properly reporting Social Security Disability on taxes

As tax season approaches, you want to make sure you are prepared. Improper reporting could result in serious consequences.

To prepare, it is critical you understand the basic aspects of taxes you must report. In regards to Social Security Disability, there are a few important facts to know.

Working through a disability application can be a long challenge

Being approved for Social Security Disability benefits is a long process for most people. There are only a handful of conditions that qualify for the Compassionate Allowances program. During the approval process, you are likely going to have a host of appointments. These are aimed at determining whether you meet the requirements for disability. It is imperative that you go to all of these or you risk your case being denied. The more information the Social Security Administration has the better your chance of being approved.  Our office can help you.

We know that complying with the appointment schedule and other facets of your case might not be easy, especially when you are having mobility issues due to your condition. While we can't make these go away, we can work to reduce the red tape that you will have to deal with by working through the legal aspects of your case.

Prepare now if you will file bankruptcy in 2019

Sometimes, people choose to file for bankruptcy after the first of the year. If you are planning on doing this, you have to make sure that you are taking appropriate steps now. One thing to remember is that you can't make purchases using credit now since the court is likely to frown upon these.  It's also good to know how any tax refund will be treated in the bankruptcy.  A bankruptcy attorney can help you prepare and determine whether to file before or after you receive any refund.

Starting to gather the information about your assets and debts now might be a good idea. Your bankruptcy attorney will need this information.  You should be fully advised before making any moves to avoid mistakes.  For example, if you owe friends or relatives any money, do not pay them with your tax refund before filing the bankruptcy.  The trustee will take that money back from them.  Talk to a lawyer to develop a plan.

Consider the options you have for handling debts

Having to worry about bill collectors calling you is an awful feeling. When you have crushing debts, you have to think about what you are going to do to get them to stop. The answer isn't always easy. For some individuals, the only way out of the situation is to file for bankruptcy.  It relieves a great deal of stress.  Creditors must leave you alone as soon as you file.

No one ever wants to file, but there are times when it is in your best interest. Having to fight court battles when creditors sue you can be taxing and expensive. If you don't want to deal with that, you might need to consider filing for bankruptcy so that you can get back on top of your finances. Just call the office and you can schedule a free, initial consultation to go over the options.

Are all Social Security Disability applications denied at first?

Each year, 12 percent of the American population, or over 37 million people, apply for Social Security Disability (SSD) benefits. Only about one-third of those applications are approved, however. There are a few common reasons that these applications are denied the first time an applicant applies for benefits.

In order to be approved you must show you can't do any substantial, gainful employment.  Make sure that your application is complete and provides all of the medical information available to document your disability.  An experienced attorney can be very helpful in guiding you through the application process.

Do you qualify for Social Security Disability benefits?

There is a long list of medical issues that you will want to review if you believe you might be eligible for Social Security Disability benefits.  To qualify you must prove your disability prevents you from engaging in substantial, gainful employment.

SSD applications can be complex, and the government may deny your claim the first time around. However, this should not discourage you from appealing to obtain the benefits that are due to you.  Talk to an attorney who is experienced in appealing these cases.  There is no cost unless you win your case.

Important points to remember about Social Security Disability

The Social Security Disability Insurance (SSDI) program is meant to help provide workers who suffer a catastrophic injury or illness with an income while they are unable to work. This program has very specific requirements to help ensure that only those who truly need the benefits are approved.

Many people might think that this program is only for older Americans; however, you can't use SSDI if you have reached full retirement age, so this program is meant for those who are still of working age but unable to work due to disability. Only those with a disability that is expected to last at least one full year are approved. The only exception to this is if the applicant has a condition that is likely to lead to their death.

Bankruptcy is a financial tool for people drowning in debt

The financial struggles that some individuals face can be hard to handle. When you are in this position, you need to think carefully about your next steps. One thing that you can't do is ignore the debt. It isn't going to go away. Instead, creditors might transfer the account to debt collectors. Your credit score will be impacted by the missed or late payments.

Many people will try various options for handling their debts. Some may take out loans to consolidate the payments. Others might attempt to work out deals with their creditors. These might work in the short-term, but there is a chance they aren't feasible for the long-term.