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lobobruja

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when u file for bankruptcy and are on ssi what happens when u try for a loan of any kind?

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I hope you haven't filed yet.

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First off, SSI cannot be garnished because it is not an earned income but a benefit that helps you to survive, barely,  The only reason to file bankruptcy while on such a limited income is possibly to keep a car and, if mass transit is readily available where you live, that really would not be a good reason, either. But bankruptcy kills your credit for the next ten years and you have to totally rebuild it.

The limited income from SSI also may restrict you from getting a loan even without the bankruptcy because lenders like to see that a borrower has more than enough money to meet normal living expenses, current debts AND the loan they may be requesting. 

Before even considerinig bankruptcy, consult with a bankruptcy attorney and follow their advice.  They know what to do so that you may avoid having to file and the initial consultation is often free.  Check your phone book to find one..

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