RESOLVING OVERPAYMENT OF GOVERNMENT BENEFITS
What is happens if you are paid unemployment compensation only to later have the claim overturned? What if you received workers’ compensation until your employer fought it and won? If you are now getting demand letters for Social Security Administration, Unemployment Agency or other government entity regarding overpayment of benefits, we are here to help.
Besides filing an appeal to plead your case in front of a judge, the only legal way to resolve debts resulting from overpayment of government benefits is to file a personal bankruptcy. While this may seem daunting, you may be surprised to learn the many benefits to your budget and credit that this options offers.
Chapter 7 Debt Elimination
Chapter 7 bankruptcy provides an immediate resolution to your unsecured debt including overpayment of social security benefits and most often Unemployment and Workers’ Compensation benefits. Assuming that the overpayment was not a result of fraud, you can attain full debt relief for this as well as other unsecured debts, such as credit card and medical bills, personal loans, loan deficiencies, judgments and garnishments.
Most often if you are the recipient of these benefits and they are ceased, you don’t have a means to pay back the claimed overpayments or any other debts for that matter. The Chapter 7 will simply wipe the slate clean and provide you with a fresh financial start.
Chapter 13 Debt Consolidation
This debt consolidation program provides court protection while you are making reasonable efforts to pay your debts back. The Chapter 13 program is a comprehensive debt management program. If we determine that you don’t qualify to file a Chapter 7 and eliminate your debts, you are most likely eligible to consolidate and partially reduce your debts through Chapter 13. The program, that spans 36 - 60 months, simply requires that you make your "best efforts" to pay back your unsecured debts. Whatever balances remain at the completion of the program are legally eliminated or discharged. In addition, the program allows you to:
- Develop a balanced budget based on your income and expenses
- Prioritize your debts to ensure that your mortgage, vehicle and monthly living expenses are paid before worrying about payments to unsecured creditors
- Pay only what you can afford to pay on unsecured debts, including most claims from a government agency for overpayment of benefits. Full discharge for remaining balances on these debts at the completion of the Chapter 13 program.
- Stop home foreclosure
- Remove secondary mortgages or home equity loans
- Stop vehicle repossession or get the vehicle back before it has been sold at auction
- Stop judgments or garnishments
- Stop utility shutoffs
- Improve your credit and get your finances back on track!
A Helping Hand
While it can be overwhelming to receive a demand letter from the government or repeated threats from other creditors, we are here to help you find resolution and peace of mind. We offer free in-office or phone consultations to help you find the right debt solution. We specialize in Chapter 7 and Chapter 13 bankruptcy, in fact that is all that we do. Call today and let one of our debt resolution experts provide you with a free analysis and plan of action to get your finances back on track. Please call us toll free at 866-261-8282 or click here to schedule a consultation right now.
