We generally use earnings guidelines to evaluate whether your work activity is SGA. The amount of monthly earnings we consider to be SGA depends on the nature of your disability. The Social Security Act specifies a higher SGA amount for persons who meet the definition of blindness described by the law.
1 Bankruptcy can be listed on your credit report for up to 10 years. 2  This is the most misunderstood consequence of bankruptcy. 3  That fact that bankruptcy I âlistedâ on your credit report does not mean that it ruins your credit for 10 years.EGATIVE EFFECTS OF BANKRUPTCY. 1  You can not file bankruptcy again for 8 years. 2  This, to me, is the most important consequence. 3  You are basically using your âget out of jail freeâ card. 4  If you think you will have a big medical expense or otherwise run into hard times in the next few years.
Additionally, you may find that some of these bankruptcy side effects occur: 1  Temporarily weakened credit: A bankruptcy filing is seen as a negative action on your credit report and the bankruptcy filing itself will appear on your credit report for seven to 10 years.ankruptcy is a major financial move and can affect various aspects of your life. Every person's situation is unique. To ask a bankruptcy attorney about specific potential side effects of bankruptcy, please fill out this form and arrange a free, no-obligation consultation with an attorney near you.