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.
A bankruptcy is the greatest indicator of risk in a credit report, and so has the most serious and long lasting impact on your ability to obtain new credit. Therefore, filing for bankruptcy should always be a last resort. The two most common types of bankruptcy are Chapter 13 and Chapter 7. In a Chapter 7 bankruptcy, you do not repay any of the debt owed, and the bankruptcy listing remains on the credit report for ten years from the date it is filed. Under Chapter 13 bankruptcy, you are responsible for paying back a portion of the debts that you owe through a debt repayment plan.