The Military and Bankruptcy
While soldiers are home or abroad, fighting to keep the liberties Americans enjoy secure, their families may still face significant financial problems. There are several special exemptions or legal protections afforded to service members that extend even beyond the Servicemembers Civil Relief Act (SCRA). The SCRA was passed in order to help active soldiers with the rigors of bankruptcy, allowing them to focus more clearly on the tasks the military may ask of them. In addition to this law, the Bankruptcy Abuse Prevention and Consumer Protection Act (BAPCPA) has clauses that help make the process easier for soldiers in their times of financial need.
If you or a loved one is facing bankruptcy, a knowledgeable attorney can help you get a fresh financial start. Contact the West Palm Beach bankruptcy attorneys of Eric N. Klein & Associates, P.A. at 561-353-2800 today to learn more about the bankruptcy process and how the law can benefit you.
Military Protection
While soldiers protect each other in combat, the government aims to help protect their finances at home. Some of the following protections found in the SCRA or BAPCPA are meant to help service members and their families when filing for bankruptcy:
- Exemption to credit counseling
- Protection from additional payments and wage garnishments
- Removing penalties for trial dates missed due to combat
- Eviction protection
These exemptions can make the process more compatible with the hectic lifestyles of military members, who often must move between combat zones and local bases or forts. Service members considering bankruptcy should consult with an experienced bankruptcy attorney for information on how these exemptions could affect their case.
Contact Us
Let an experienced legal advocate guide you through the bankruptcy process today so that you can get back on solid financial ground. Contact the West Palm Beach bankruptcy lawyers of Eric N. Klein & Associates, P.A. at 561-353-2800 to discuss your individual circumstances.
