Consumer Bankruptcy

New Bankruptcy Protection for Members of the Reserve & National Guard

Thursday, October 30, 2008 by Michael L. Detzky

On October 20th, 2008, President Bush signed into law the "National Guard and Reservists Debt Relief Act of 2008," P.L. 110-438. This legislation makes debt relief under Chapter 7 of the Federal Bankruptcy Code more readily available to members of the Armed Forces Reserves or National Guard who have been mobilized to active duty for a period of more than 90 days since September 11th, 2001 by waiving the dreaded "Means test" calculation.

The "Means... Read More

Posted at 17:24 PM | PERMALINK

Topic: Consumer Bankruptcy

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