St. Augustine Military Bankruptcy Attorney
Let our attorneys help you pursue financial freedom!
Bankruptcy can happen to anyone, including those who have proudly served
our country in the armed forces. What many don't know, however, is
that disabled veterans, as well as active military members, have certain
advantages while facing bankruptcy. Many of those within the military
can reap the same benefits as civilians from a bankruptcy filing, with
the added bonus of certain protections and expedited qualifications their
service allows them.
With over 70 years of combined experience, Albaugh Law Firm has helped
countless Florida residents get their financial futures back on track.
With the number of bases in the Jacksonville and St. Augustine area, notably
Naval Submarine Base Kings Bay, we've also assisted on a number of
military bankruptcy cases. If you're a servicemember who is considering
filing for bankruptcy, we invite you to call Albaugh Law Firm today to
get the insight and relief your finances need.
An experienced St. Augustine
military bankruptcy lawyer is ready to
review your case!
Means Test & SCRA Exceptions
The means test is an evaluation that those seeking to file for
Chapter 7 must go through in order to qualify. In many cases, a means test will
show that an individual does have the funds and assets to settle their
debts, essentially disqualifying them Chapter 7. However, many military
members are exempt from this test, which also helps to expedite the process.
The following military members are exempt from taking the means test:
- Disabled veterans (with a 30% or more disability rating)
- National Guard members (with 90 consecutive days of service)
- Reservist (with 90 consecutive days of service)
It should be noted that for reservists and National Guard members to be
exempt from the means test, they must file for Chapter 7 within 540 days
of their active duty.
Servicemembers' Civil Relief Act (SCRA) also provides protections against bankruptcy vulnerabilities. Courts can
invoke this law when the service member is currently on active duty, halting
all bankruptcy proceedings against that servicemember. This is similar
to "automatic stay" in normal bankruptcy procedure, but happens
preemptively and protects a service member's estate from actions such
as foreclosures, evictions, and bank attachments while they are serving.
Call a St. Augustine Military Bankruptcy Attorney Today
The advantages and benefits that servicemembers receive can greatly improve
the effectiveness of their bankruptcy filing. To fully benefit from the
protections afforded to disabled veterans and military members during
the bankruptcy process, we encourage you to give our law firm a call.
Our St. Augustine bankruptcy lawyer has helped countless debtors put their
financial lives back in order, including military members transitioning
back to civilian life with their loved ones.
If you are a service member facing the reality of bankruptcy in St. Augustine,
contact Albaugh Law Firm today. Your
free consultation is waiting!