Social Security Income Not Considered Disposable In Bankruptcy
On behalf of Law Offices of Mark M. Kratter, LLC on October 16, 2012
The 10th U.S. Circuit Court of Appeals has solidified the ruling that Social Security income is safe from the "disposable income'" rule in a Chapter 13 bankruptcy filing. Currently, the Bankruptcy Code states the same thing, but one debtor ended up having to litigate the issue. This ruling could be reason for a sigh of relief for Connecticut residents and those who were watching this case to see the outcome.
