July 23, 2019

Military Personnel Exempt from Bankruptcy Means Testing

 On December 13, 2011, the President signed into law H.R. 2192, the National Guard and Reservist Debt Relief Extension Act of 2011. This law exempts certain military and homeland defense members from a means-test presumption of abuse in determining eligibility for Chapter 7 bankruptcy relief.  In essence, it extends a similar protection that has been in place for a while now.  There is, of course, … [Read more...]