Is filing bankruptcy my best option if I’m receiving SSI and on Medicaid?

UPDATED: Jul 29, 2011

Advertiser Disclosure

It’s all about you. We want to help you make the right legal decisions.

We strive to help you make confident insurance and legal decisions. Finding trusted and reliable insurance quotes and legal advice should be easy. This doesn’t influence our content. Our opinions are our own.

UPDATED: Jul 29, 2011Fact Checked

Get Legal Help Today

Compare Quotes From Top Companies and Save

secured lock Secured with SHA-256 Encryption

Is filing bankruptcy my best option if I’m receiving SSI and on Medicaid?

I don’t own a house,car or anything of value.I don’t have any credit card debt,some charge offs but mostly medical bills on my credit reports. All of which I could never repay. Also, some items on my credit report are showing up from over 10 years ago. I basically need to improve my credit score to be able to attain credit for emergency money or the possibility of buying a used car.

Asked on July 29, 2011 Illinois


M.T.G., Member, New York Bar / FreeAdvice Contributing Attorney

Answered 11 years ago | Contributor

If the only income you receive is SSI and medicaid benefits then it is my understanding that you are judgement proof, meaning that any judgement obtained by a creditor would be worthless as SSI benefits and Medicaid benefits are protected from judgements.  But it really seems here that you may want peace of mind and you want to rebuild your credit.  Then bankruptcy may in fact be an option for you here.  Remember, though, that the bankruptcy will stay on your credit report for many years and you will need to find someone to lend to you for the car with this in mind.  It may be tough but it may not be impossible.  Good luck.

IMPORTANT NOTICE: The Answer(s) provided above are for general information only. The attorney providing the answer was not serving as the attorney for the person submitting the question or in any attorney-client relationship with such person. Laws may vary from state to state, and sometimes change. Tiny variations in the facts, or a fact not set forth in a question, often can change a legal outcome or an attorney's conclusion. Although has verified the attorney was admitted to practice law in at least one jurisdiction, he or she may not be authorized to practice law in the jurisdiction referred to in the question, nor is he or she necessarily experienced in the area of the law involved. Unlike the information in the Answer(s) above, upon which you should NOT rely, for personal advice you can rely upon we suggest you retain an attorney to represent you.

Get Legal Help Today

Find the right lawyer for your legal issue.

secured lock Secured with SHA-256 Encryption