When one thinks of their "golden years," it's doubtful that they are considering the prospect of looming bankruptcy. However, for many Americans of retirement age, it's a real possibility, since the rates of bankruptcy among senior citizens have increased to five times the rate since 1991.
You might find relief from debt by filing bankruptcy
Financial difficulties stem from many different situations. Many people think that bankruptcy is the result of being irresponsible with your money, but the deep debt might have stemmed from an unexpected medical crisis that took away your ability to work for a while. We understand that you don't necessarily want to file for bankruptcy but that you might have to just to get back on your feet.
Qualifications are critical for Social Security Disability
Qualifying for Social Security Disability (SSD) requires that you meet the criteria for the program. There are several that apply to the program. If you don't meet them, you likely won't be able to receive these benefits even if you were working when you became disabled.
Social Security Disability may help former workers make ends meet
When you are accustomed to working, you probably have your bills set based on the pay schedule. If you become injured and unable to work due to a disability, you might find that you can't make ends meet since you don't have an income.
Denied SSD claim? You have options
You suffered a serious injury on the job, and you will not be able to return to work. Although this can feel devastating, you know that there are systems such as workers' compensation and Social Security disability insurance that provide medical and financial benefits to injured workers.
