Should Someone Whose Source of Income is Social Security File for Bankruptcy?
Hello, my name is Jeff Kelly. I’m a bankruptcy attorney. And in this video, I want to talk about should someone whose sole source of income and social security but owns a house, should they file for bankruptcy. The answer to this question and all legal questions is, it depends. So, as a general rule, I tell people, hey, if your sole source of income and Social Security don’t file bankruptcy, you know, it’s a protected stream of income your creditors, as a general rule, in almost every single case, that can’t garnish your Social Security, you’re spending it every…
I spent many years working for various high-volume consumer bankruptcy law firms. In May 2006, I decided to start my own law firm. My main office is located in Rome, Georgia. My other offices are located in Dallas, Cartersville, Dalton, Kennesaw, Marietta and Douglasville.
I know what it is like to suffer physical hardship. In my late 30s, I blew out my L5 in my spine running a marathon. For many months, I had great difficulty walking. Two spine surgeries later, I regained my ability to walk but had to give up running forever. I try to stay in shape through hiking and swimming.
I also know what it is like to suffer emotional hardship. In December 2017, my wife of 22 years filed for divorce 4 days before Christmas. As you can imagine, 2018 started out a little rough for me. My whole world was turned upside down. This awful experience has given me a greater sense of empathy and understanding for my clients who go through this horrendous process before bankruptcy.