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Home / Opinions / Courts / 8th U.S. Circuit Court of Appeals / Bankruptcy: Social Security Payment – Exclusion – Section 407

Bankruptcy: Social Security Payment – Exclusion – Section 407

Carpenter v. Ries (MLW No. 60969/Case No. 09-2897 - 11 pages) (U.S. Court of Appeals, 8th Circuit, Riley, J.) Where a debtor received a lump sum disability payment from the Social Security Administration shortly before he filed a Chapter 7 bankruptcy petition, Section 407 should be read as an exclusion provision, which automatically and completely excludes ...