Ask The Get Out of Debt Experts Bankruptcy Related Benefit Programs

We Live on Social Security Alone and Can’t Pay Our Creditors. – Bogey

“Dear Lewis,

My wife & I are on SS and have credit card debts of $60k. We have no savings, and SS funds to pay only about half the minimum monthly card payments. We live in Ohio and only assets are our home and car. We do meet chapter 7 income requirements,

We are not sure if working with a debt settlement company might be a better option than filing chapter 7. What would you advise?


Dear Bogey,

The only way to answer this question is to see a consumer/bankruptcy attorney in your area.

You may be completely exempt from creditors. They cannot touch your social security benefits. I don’t know enough about your home and car to know whether or not they are fully protected from creditors – which is why I gave the advice to see an attorney in Ohio.

If you don’t need credit going forward, and can “live off the grid”, then you may not have to pay your creditors at all, nor file bankruptcy.

But in general, I am against debt settlement since most of them are scams. They take your money each month towards their huge fees, then never settle any cards.

There are some good companies out there, but they are few and far between.

Good luck!

My name is Lewis Roberts and I’m an attorney licensed in Florida and Georgia. My practice focus is consumer bankruptcy, real estate issues/closings, and mortgages. I also have Florida real estate broker and mortgage broker licenses. I am a proud member of the National Association of Consumer Bankruptcy Attorneys (NACBA), National Association of Consumer Attorneys (NACA), and a graduate of Max Gardner’s Bankruptcy Boot Camp. I enjoy helping people with decisions that impact their financial well-being.

Legal Disclaimer: This is for educational purposes only. It is not to be relied upon as legal advice. It also does not create an attorney-client relationship. No such relationship is formed with attorney without a written agreement.

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About the author

Lewis Roberts

Florida Consumer Protection Attorney

1 Comment

  • Hello! I am 55 years old, and I have been have issues with my health since 1995 when I hurt my back at OSU hospital. i have being work off and on, but after a few years of going back and forward to the doctors I apply for SSI/SSDI either one would gave me service, not until I wen to New Orleans is 2009, I move because I try to kill myself, and plus I had I nervous break down. Before I had sevral hearing with SSI governemnt, but they kept deniing me, I ask why, I was told that they know that I am disable. But after finding out that my son call they and told them that I was selling movies and going out to party, which I was, but that was only because I was living off of $105 a mos. I had to do what I could so that I could survive. after moving to New Orleans I did get on SSI thank GOD, Meet a loving and caring young man, we move to GA something that I always went to do for 25 years, you would say that was my dream state. But not real, my house that I was going to move into was in bad condition, was we were force to live in a hotel because of my pretty dog ms Bell, this cost us over $600 dollars, we almost lost out U-Haul truck, but thank GOD we did not. So after a few months thing go bad for me, my utilities were 300 to 400 a month pluse with rent and phone I was not able to pay my gas and water was turn off, my finces die of nature causes. This was the worst time of my live.i did not know anyone who I could turn to So I move by Ohio, But before that I gave my Title to my truck that was paid for To this Title shop. Only cause we need food, gas for the truck and other things that was need it. But if i know now what I know about those Title store I would not have done that. So now I start out okay here in Columbus, I lived in a women shelter for 3 mos, I found a nice home, I got a job working with Big Brother and big sister I work there for 2 mos and then I was fired, why I do not know, but it was told to me that I did not know how to write emails and that I was aggressive,. well I do not know about that May not be the best write but I try.
    Fore more I have been trying to make my live better and easier, by going back to school, finding another job, something. but it really has not work out for me. Why recently a neighbor call and had my truck tow away, all of my belonging that is still in storage in GA is or will be auction off soon, they are asking me to over $900 dollars that a cur after I lost my job in Nov 2013, My electric is over $ 700,my gas is over $ 10,000, my truck that is in the pound is over $ 500, I have student loans and other debts totaling over $ 1200, how in the world can I pay anything when only if my income is $721 a month. If I do get a job SSI will cut me off of SSI and I will not get health care coverage, and right now I need that, because I just had surgery on my feet,with pins in my toes, because this doctor in New Orleans mess up my feet, which has and was causing chronic pain in my feet, legs, toes, and ankle, it was cause me problem walking, running and sometime sitting. but enough of all this its very depressing.
    I talk and call so many people and agencies in my area, but no HELP. Some tell me what is a lady to do? But pray right

    I am single with 4 children and 14 brothers and sister, but still no help at all.
    I need prayer and help

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