SSDI, V.A. disability, and 'financial incompetence'?

Question

What constitutes financial incompetence? Does filing bankruptcy (with 10,000 in a reposessed car, and 3K on a credit card-thats it) automatically put me in the 'financially incompetent' category? Can I still file a bankruptcy (like so many other people do) without any reprocussion from SSDI or the V.A.? I pay all my bills on time, I always have atleast 1K in my bank account. There are only 2 creditors in the world that are after me. Is there any way that I can be considered financially incompetent simply by filing a bankruptcy. Is there a 100% clause where you file bankruptcy and your automatically 100% incompetent?

alright judy, thanks for responding so quickly and in such a smartass demeanor. My focus is on bankruptcy as automatically classifying you as 'financially incompetent'. Thankyou.

Answer 1

If you pay all your bills on time, how did your car get repo'd?

Talk to a lawyer. I'd guess that being declared "financially incompetent" would require much more than some overdue bills and a car repo.

Answer 2

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RE SSDI, V.A. disability, and 'financial incompetence'?

What constitutes financial incompetence? Does filing bankruptcy (with 10,000 in a reposessed car, and 3K on a credit card-thats it) automatically put me in the 'financially incompetent' category? Can I still file a bankruptcy (like so many other people do) without any reprocussion from SSDI or the V.A.? I pay all my bills on time, I always have atleast 1K in my bank account. There are only 2 creditors in the world that are after me. Is there any way that I can be considered financially incompetent simply by filing a bankruptcy. Is there a 100% clause where you file bankruptcy and your automatically 100% incompetent?