The Latest on Social Security Income Bankruptcy Laws in Hawaii

We hate to see people who have worked hard all their lives use their Social Security earnings to try to pay down high-interest credit card debt. So we're pleased that another appellate court has weighed in favorably for retirees on the question of whether Social Security income must be included in calculating the monthly payments that chapter 13 filers must make in their debt consolidation plans. The Fifth Circuit Court of Appeals is the latest to hold that a chapter 13 debtor's Social Security income is not included in determining the debtor's "projected disposable income" available for repayment of credit card...