Can I file for bankruptcy while on Long Term Disability?
May 4th, 2016 by Anonymous
I am on disability. A couple of months ago I received a letter from Long Term Disability (LTD) to pay them back around $ 50,000.00. I am not able to pay this amount. I asked many different financial institutions to get a loan. But my request was declined everywhere because I can’t work anymore. Can I file for bankruptcy? Thank you.
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April 01, 2021 at 6:29 am, Desmond West-Chow, CIRP, Trustee said:
Yes, you would meet the requirements to file bankruptcy. I would suggest you contact a local trustee to discuss both the details of what a bankruptcy may entail for you as well as other options that may exist for you.