Bankruptcy filings across the nation have reached all-time highs in the past several years due in large part of the U.S. recession. The decision to file a bankruptcy case can be challenging. However, it can be particularly complicated for military families because of the unique issues involved in their filings. If you or your spouse are in the military and you are considering filing a bankruptcy case, you need to work with a bankruptcy attorney who is familiar with the impact that bankruptcy can have on a soldier. Erin B. Shank has extensive experience assisting soldiers and military families through the bankruptcy process and is intimately familiar with the issues and concerns that are involved in a military bankruptcy in Texas. For the daughter and wife of a veteran, one of Erin’s office is located just miles from Ft. Hood, the largest military installation in the U.S. Erin has represented literally thousands of soldiers and veterans find an honorable solution to their financial problems.
First and foremost, it is important to understand that active-duty soldiers can file a bankruptcy case. One concern that active-duty military personnel frequently have when considering bankruptcy though is how the bankruptcy will affect their security clearance. Although filing for bankruptcy can have an impact on your security clearance, there are number of other factors that will be taken into account before a change in your security clearance occurs. The circumstances that caused your need to file bankruptcy and your overall job performance, for example, will be evaluated when deciding if a change in security clearance is warranted following the filing of bankruptcy.
In recent years, changes in Bankruptcy Code have made it difficult to qualify to file a Chapter 7 bankruptcy. However, both active-duty military and disabled veterans are often given special treatment under the Bankruptcy Code. As a result, you may very well be entitled to file a Chapter 7 bankruptcy even you perform the initial computations required under the means test and it appears as though you would not qualify. This is precisely why a soldier needs the assistance of experienced military bankruptcy attorney, Erin B, Shank. Fortunately, Congress has seen fit to consider the extenuating circumstances that soldiers often face and included numerous exceptions within the Bankruptcy Code that are aimed at soldiers. By understanding and utilizing those exceptions, both active-duty and retired soldiers are able to obtain maximum benefits from the bankruptcy process.
Attorney Erin B. Shank has been practicing bankruptcy law in the State of Texas for over three decades. Not only that she understand the bankruptcy laws, but she has a thorough of the special issues and concerns faced by soldiers and their families as they go through the bankruptcy process as well.