topic Re: Disabled Veterans and Bankruptcy in Bankruptcy

Disabled Veterans and Bankruptcy

Anonymous — Tue, 09 Jul 2019 22:00:38 GMT

Any Disabled Veterans out who receive VA disability like me every month and have to file Bankruptcy , is it included in your income paperwork or not ? Im hearing Different stories out there . Some say yes it is included , some not . Im confused . I dont think we should be punished for our service connected disability . Im on O2 due to chemical exposure . Never smoked .

Re: Disabled Veterans and Bankruptcy

FireMedic1 — Tue, 09 Jul 2019 23:22:38 GMT

Debtors must include most sources of income on the means test. The exception is Social Security benefits, and in some states, unemployment compensation—you won’t need to include these types.

By contrast, veterans’ benefits aren’t exempt and must be figured into the means test calculations. Keep in mind that payments for many different things can be part of veterans’ benefits, such as payments for healthcare, living expenses, and disability.

Disabled veterans might not have to take the means test to qualify for Chapter 7 bankruptcy. Veterans who can meet the following two criteria will be eligible for exempt status:

the veteran is considered “disabled,” as defined by bankruptcy law and,
the debt was incurred while on active duty or performing a homeland defense activity.
A veteran is considered disabled after receiving one of the following:
- a rating from the Veterans Administration of at least 30% disabled, or
- a military discharge due to a disability incurred in the line of duty.

Re: Disabled Veterans and Bankruptcy

Anonymous — Tue, 09 Jul 2019 23:32:14 GMT

Thank you for the info . I am 100% Service Connected Disable . But i have been out of the Military since 1995 . God Bles

Re: Disabled Veterans and Bankruptcy

Anonymous — Tue, 09 Jul 2019 23:34:42 GMT

Fire Medic . I do also receive SSDI .

Re: Disabled Veterans and Bankruptcy

FireMedic1 — Wed, 10 Jul 2019 14:10:10 GMT

Well it looks like you good to go. Had to change my post. Wasn't awake up. LOL!!!

Re: Disabled Veterans and Bankruptcy

Birdie82 — Wed, 10 Jul 2019 13:29:29 GMT

I am a disabled veteran and I receive va comp and Ssdi, I had to include both incomes in my bankruptcy petition.

Re: Disabled Veterans and Bankruptcy

Anonymous — Wed, 10 Jul 2019 15:19:56 GMT

SSDI is exempt under Federal Law . Dont know why you had to include it 🤔