CALL NOW!
FREE PHONE/VIRTUAL CONSULTATION

Are Military Members Eligible for Bankruptcy?

Military members and their families are often required to move from location to location, and put their lives on hold during their or their loved one’s military service. For some, this means facing financial challenges that might not exist otherwise. And even if those money problems did exist otherwise, the challenges that come with a military career make things even more stressful.

It can also be difficult to deal with the heightened expectations placed on you when you are in service to our country. Military members are expected to maintain good credit and make responsible choices, but nobody is able to control every single occurrence in his or her life. Sometimes unexpected events occur that lead to financial burden.

The good news is there are tools available for military members, just as there are for civilians that make it easier to deal with the burden of debt.

Is Bankruptcy an Option?

In some cases, filing for bankruptcy is going to be the best option to get control of a rough financial situation. It is possible for military members to file for bankruptcy and doing so can make it possible to maintain ownership of a home and other possessions.

There are some instances in which filing could interfere with security clearances, so it is important to understand your situation before moving forward. It might be better for you to take action sooner rather than later, if your goal is to one day be in a position in which you need clearance. On the other hand, your rocky financial situation and potential bankruptcy could prevent you from pursuing certain opportunities, so make sure you gather all the information you need to make an informed decision before filing for bankruptcy.

For more information on how the US government handles security clearances, visit the website for the US State Department.

Civil Relief Act

Members of the military might also have access to special protections through the Civil Relief Act. When choosing a bankruptcy attorney to help you with the filing process, look for someone who is aware of the benefits available for service members, so you can take advantage of everything offered to help you get back on your feet. You might also need to look into assigning someone power of attorney if you are stationed overseas and considering filing for bankruptcy, so it is imperative you work with someone you trust and who makes you feel comfortable with your situation.

Are you a service member struggling with debt? We can help. Contact the Law Offices of Robert M. Geller at 813.254.5696 to discuss your situation.

Archive

Tampa Bankruptcy Law Blog

How Will Filing for Bankruptcy Affect My Credit?

Will Bankruptcy Affect My Credit? Not paying your bills affects your credit negatively. And yet problems with credit are one...
Read More

Behind or In Default on Your Student Loan? Here’s What You Should Know

Student Loan Default If you’ve fallen behind on student loan payments or your student loans are in default, you aren’t...
Read More

Will Bankrutcy Affect My Job? Learn How Filing Affects You in the Workplace

Will Bankruptcy Affect My Job? Filing for bankruptcy raises many considerations. One of the most important is whether or not...
Read More

Can Bankruptcy Help Me If I’m Behind on Child Support?

Bankruptcy and Child Support Bankruptcy can help you with a lot of things. It can help you stop calls from...
Read More

Can You File for Bankruptcy When You’re Unemployed?

Bankruptcy and Unemployment Being in debt is bad enough, but if you’ve lost your job recently or accumulated debt because...
Read More

Bankruptcy and Eviction History

Eviction With the rate of evictions on the rise in recent months and the expectations that eviction numbers will grow,...
Read More

What to Expect Once You’ve Decided to File Bankruptcy from Home

File Bankruptcy from Home There are a few things that happen when you file bankruptcy from home. An automatic stay...
Read More

Will Filing for Bankruptcy Affect My Job Search? What You Need to Know about Unemployment and Bankruptcy

Unemployment and Bankruptcy Searching for a job when you are faced with a dire financial situation is difficult. If you’ve...
Read More

Will I Need to Go to Court If I File for Bankruptcy?

File for Bankruptcy from Home One of the most intimidating aspects of filing for bankruptcy is meeting in person with...
Read More

COVID-19 and Debt – 5 Ways the Pandemic is Leading More People to Bankruptcy

COVID-19 Debt If you’re considering bankruptcy you aren’t alone. The last few months of 2020 have brought a great deal...
Read More

Bankruptcy

For The Next 5 Days GET A FREE BOOK About Bankruptcy

Learn More

Infographics

We are A Debt Relief Agency.
We help people file for bankruptcy under the Bankruptcy Code

Pay Online Bankruptcy Courses Newsletter Subscription

NACBA Logo comodo avvo1 avvo2 avvo3 LEA BBB Logo RG Seal

Call For A Free Initial Consultation

813.254.5696

Tampa Office

Law Offices of Robert M. Geller, P.A.
807 West Azeele Street
Tampa, FL 33606
T: (813) 254-5696
T: (800) 853-7549
F: (813) 253-3405

Map And Directions

St. Petersburg Office

Law Offices of Robert M. Geller, P.A.
125 5th Street South
(Wells Fargo Financial Center)
2nd Floor, Suite G
St. Petersburg, FL 33701
T: (727) 532-3939

Map And Directions

Pasco Office

23526 State Road 54
Lutz, FL 33559
T: (813) 336-2320

Map And Directions