The Social Security Disability (SSD) system is here to help disabled individuals who are unable to work and earn money for themselves. These individuals have put in the time necessary and paid into the system, so they should be able to reap the benefits of their hard work. Unfortunately, this isn't the way things always happen. It is sometimes difficult for people who need disability to receive the benefits that they should.
Should you file for bankruptcy before or after the holidays?
This year, many retailers have a reason for concern this holiday season. Sears recently ran into financial trouble, and the company has tried to remain above water at least through the holiday season.
Benefit increase coming for Social Security in 2019
People who receive Social Security benefits are going to see an increase in their checks this coming year. The Social Security Administration (SSA) recently announced that the cost of living increase for 2019 is 2.8 percent. This is based on the current inflation for the country as a whole.
Act quickly to reclaim your financial future
When you file for bankruptcy, your creditors will likely have to forgive some of the debt that you incurred. This might trouble you; however, you should remember that it is better for them to know now that they won't get that money than to leave it on the books. You are being financially responsible by admitting that you are in over your head.
Compassionate allowances can help some people
When you file for Social Security Disability (SSD) or Supplemental Security Income (SSI), you likely want to receive benefits as soon as possible. For most people, there is a long wait from the date they file until they receive their first benefit payment. This time might be filled with doctor appointments set by the Social Security Administration (SSA), denials and appeals.
A guide to dealing with medical debt
Medical debt is often overwhelming and disheartening. When you end up in financial turmoil because of an accident or illness, you may feel like everything is out of control. If you are struggling with debt because of medical bills, you are not alone; it is the main cause of bankruptcy among Americans.
Think of bankruptcy as a tool for your financial future
Bankruptcy protection is something that most people hope they will never have to use. When you realize that you do need to use it, you might battle with yourself because you want to pay your bills but you simply can't. This is a rough spot to be in, but it is imperative that you take an honest look at your finances so you can decide what to do.
