No individual or business is immune from bankruptcy. One of the most recent examples in Illinois involves Star 105.5 FM filing for bankruptcy; the company has accumulated around $2.6 million in debt.
Tax season can be stressful for those who do not fully understand the process. For people who receive special assistance, such as Social Security disability benefits, this can be especially confusing.
Over the years, filing bankruptcy has become less of a taboo topic and more of a tool. For many people it helps to provide a chance to start over financially, in a sense.
When you are in debt and considering your options, bankruptcy may stand out from the rest for its ability to significantly reduce your debt. Filing for bankruptcy comes with many benefits, from stopping creditor harassment to allowing you to keep certain assets. It gives you the fresh financial start you need with the opportunity to rebuild better credit quickly.
When you apply for Social Security Disability benefits your case will generally be evaluated through a five step sequential disability evaluation process. Disability Determination Services (DDS) uses these steps to determine whether a claimant has a qualifying disability; once a determination for disability qualification is made this particular evaluation ends.
If you intend to file for Social Security disability benefits in the St. Louis area, it is important for you to prepare yourself for the process. You might not realize it, but many first-time filers often have to file appeals to get their benefits because they receive denials on their initial applications.
Question: I have several medical conditions that are chronic. Over the years, the symptoms have increased. My doctor is concerned that my job is making my conditions worse. After taking two different leaves of absence, he has suggested that I stop working altogether and apply for Social Security Disability benefits. What can I expect from the application process?
Anyone with unpaid bills knows that debt collectors are ambitious to the point of being intrusive. Whether online, on the phone or through snail mail, they’ll contact you frequently to try to recover funds.