financial disclosure

[freetobeme]

I have recently put enough money in savings to cover my car and credit card minimum payments for the next 5 months. And I always keep a balance just over $1000 on the checking acount to avoid fees. When I fill out the financial disclosure can I state that I have this money saved for these payemnts? I have no income and am looking a t a very long appeal process to get on SSI. That's why I borrowed the money and put it aside.
I know you have to claim cash too, so I'm hesitant to cash out the savings and stash it. It would all show up in the statements anyway.

[Lee Borden]

I'm not familiar with the form you describe, so I won't attempt to advise you on it. In general, you want to make sure you answer the questions truthfully. There's no need to "make your case" in routine filings with the court.

[Aim]

Are you trying to get SSDI or SSI?

SSDI is based on your disability and ability to work.  (If you are able to work and earn $1000 a month or more, you are not disabled under social security guidelines.

SSI is based on finances- if you have too much money in the bank, you wouldn't be eligible for it:

For ssi applicants, this limit is currently set at two thousand dollars, meaning that if an ssi claimant's countable assets are in excess of this amount, their claim will be denied without a medical evaluation ever being conducted.

also keep in mind that spousal support will affect SSI.

[Aim]

Is there another bank that doesn't require $1000 in a checking account to avoid fees? (that $1000 will have social security questioning your finances)

Our local banks have become quite competitive with checking accounts- free checking, no minimum balance, high interest (6.01% on mine)

Look around!!!

[freetobeme]

I can never keep those two figured out. I'm diabled and unable to work...that is what my staus is. They haven't asked about finances and won't be. I have a disability lawyer. Lawyer says my money in the bank doesn't matter because I'm trying to survive and pay bills.