Some Quick Facts for Military Service Members Facing Bankruptcy
Times are tough for Americans across the country. Even those who are risking their lives for America’s interests and the freedom of people around the world are facing financial problems that only add stress to their daily lives. Whether it’s personal debt that’s building up or just not having enough money to keep a family comfortable at home, military service members may need help fighting their debt.
Florida bankruptcy lawyer Ryan J. Really, Attorney at Law, PLLC, understands the stress and strain of the military lifestyle, as he has served in the U.S. Armed Forces for over 25 years. If you need somewhere to turn for help with your overwhelming debts, bankruptcy may be the right solution. To learn more about your options, contact us today by calling (239) 237-0675.
Did You Know?:
If serving actively in a military combat zone, a service member may be exempted from credit counseling.
In 2005, the government passed the BAPCPA, which requires credit counseling for all debtors looking to go through bankruptcy. However, service members can skip this process if they are currently in a military combat zone as an active duty service member.
Did You Know?:
There may be financial programs available through the Department of Defense or a specific military branch.
In some cases, a service member may be eligible for certain financial solutions to their debt problems through their service branch or the Department of Defense. While many of these programs are meant more for service member education, some may be able to provide negotiation or counseling if bankruptcy seems like too extreme of an option.
Did You Know?:
Bankruptcy usually won’t affect rank or security clearance.
Some people are unwilling to come forward for help with their debt problems because they are afraid of losing standing in the military. However, most service members won’t lose their status in the military unless they let their debt problems affect their job performance.
Contact Us
If you’re looking for a way to manage your debt problems and give you the upper hand on your finances, we may be able to help you. For more information regarding your rights and options as a service member considering bankruptcy, contact Florida bankruptcy lawyer Ryan J. Really, Attorney at Law, PLLC, today at (239) 237-0675.
