Bankruptcy proceedings can be complicated, especially if you aren't familiar with the legal terminology used to refer to your debts and assets. Before you submit anything, it's important to understand how your debts will be handled and which assets you will be able to keep once the process is complete. Types of Debt Secured Secured debts are tied to a piece of property like a home or a vehicle by a lien against it. [Read More]
Can Your Child Receive Social Security Disability For Mental Health Issues?
If your child is dealing with a diagnosis of attention deficit hyperactivity disorder (ADHD), autism, or another disorder or diagnosis which may impair his or her ability to become self-supporting, you're likely looking into the various options available for your child's future. One of these options may include applying for and receiving federal disability benefits, including Supplemental Security Income (SSI). Read on to learn more about which conditions will allow your child to receive SSI payments, as well as the advantages and disadvantages to applying for these benefits now. [Read More]
Chapter 7 Bankruptcy: What You Need To Know About The Homestead Exemption
With chapter 7 bankruptcies, a trustee will cancel all your debts, but this doesn't mean you can keep your assets. To pay off these debts, the trustee will normally liquidate your assets, but legal exemptions may allow you to keep your home based on the available equity. Find out how these exemptions works, and learn more about what you need to do to hold on to this equity. How the homestead exemption works [Read More]
How To Get Approved For Social Security Disability For Mental Illness
If your husband suddenly has a mental breakdown and is left unable to work because of his emotional state, you may want to hire a social security attorney to help you file for disability income for him. Social security (SS) disability income is designed to help people support themselves if they cannot work, but getting approved for this can be a challenging process. Ways To Prove The Need One of the most difficult parts of getting approved for Social Security disability is proving that there is a need for it. [Read More]