The short answer is yes, you can still receive Social Security benefits if you are to file bankruptcy.  Whether filing for Chapter 7 bankruptcy or Chapter 13 bankruptcy, your social security benefits are not affected by filing for bankruptcy.

North Carolina bankruptcy laws are based upon the qualifications of the Means Test.  Social Security benefits are not calculated into the Means Test and therefore, are not a factor upon whether or not you qualify to file for bankruptcy.

Any future earnings received from Social Security benefits such as a disability claim or settlement are usually protected by state exemptions which protect your assets.  Any large lump sum you may have received within six months prior to filing your bankruptcy petition may be at risk and the trustee’s office may try to seize those funds in order to repay your creditors. However, there is the possibility the lump sum payment can be protected by using the proper exemptions.

If you intend on filing a Chapter 13 bankruptcy, you will be on a repayment plan based upon your monthly income versus expenses.  Your Social Security benefits will be calculated into your monthly repayment plan.  If you expect to receive a Social Security Disability award and intend on filing a Chapter 13 bankruptcy, this could affect your monthly income and your budget may need to be amended.

In any case, you need to consult with a bankruptcy attorney to review your options when filing your petition.  The attorney will give you a clear perspective of what type of bankruptcy you would most likely want to file and which one you are probable to qualify for according to the Means Test.