Bankruptcy laws are complicated. There are many different factors that play into the decision to file. If you are in the military and are considering filing for bankruptcy, it is important to speak with an attorney about your options.
Military Bankruptcy Laws
Being a member of the military allows you to have the same rights as civilians. This includes options for handling your finances, such as filing for bankruptcy.
However, there are special laws that govern military bankruptcy. If bankruptcy is unavoidable while you are overseas, you may need to get a power of attorney. An attorney will have to file the necessary paperwork for you. The attorney must be in the same location as your residence.
The military does offer certain financial perks that may help you avoid filing for bankruptcy. For example, you may be able to apply for forbearance or lower interest rates in some cases. In other cases, bankruptcy may be the only way to get relief from creditors.
If you are a member of the military and are having trouble paying your bills, it is time to speak with a legal professional about your options. Bankruptcy can help relieve some of the stress you are experiencing and help you get a fresh financial start. Contact a Milwaukee military bankruptcy attorney of the DeLadurantey Law Office, LLC today at 414-377-0518 to learn more about filing for bankruptcy.