Louisville Military Bankruptcy Lawyers 

If you are a member of the military and considering bankruptcy seek the advice of a qualified bankruptcy attorney. Being a member of the military offers its own unique set of rules regarding debtor rights and you should be informed before filing. While The Servicemembers' Civil Relief Act affords servicemembers special rights in regards to debt in certain cases while in active duty or just after, it does not offer the same benefits as filing for Chapter 7 or Chapter 13 bankruptcy.

Being a member of the Army, Navy, Air Force, Marines, National Guard, or Coast Guards mean that you are held to a higher standard than other civilians. However, members of the military may still file for Bankruptcy.

It is important to seek the help of a licensed attorney when filing bankruptcy. Servicemembers must realize that while filing for relief under the Federal Bankruptcy Code will offer them relief from their creditors, it may have lasting implications to their military career. In certain circumstances a prior bankruptcy could hold a servicemember back from a promotion, or make you ineligible for certain positions. A bankruptcy may also result in temporary or permanent denial of clearance for classified information. In addition, servicemembers may also be required to attend additional credit counseling.