Many people depend on social security payments to be able to afford their basic needed living expenses. The Social Security Act of 1935, while originally intended to serve a financial safety net for those who needed temporary economic assistance, has become generally accepted as something that most seniors will depend upon after they retire. This recognized dependence upon social security benefits by so many of our seniors is the reason why such benefits are given special protection under the law.
How are Social Security Benefits Treated in Bankruptcy?
Many people depend on social security payments to be able to afford their basic needed living...