News & Analysis as of September 19, 2024

Consumer Bankruptcy › Disability Benefits

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Consumer bankruptcy is a process to reduce or eliminate personal as opposed to business debts. Consumer bankruptcies can be filed under either Chapter 7 or Chapter 13 of the bankruptcy code. Debtors are... more +

Veterans Disability Benefits Now Protected in Bankruptcy Proceedings

Chambliss, Bahner & Stophel, P.C. on 11/22/2019

Eliminating a cruel quirk in federal bankruptcy law, legislation signed into law by President Trump on August 23, 2019, protects veterans disability benefits from creditors in bankruptcy proceedings. "By protecting their...more

HAVEN ACT Provides Military Veterans With Increased Income Protections In Bankruptcy

Womble Bond Dickinson on 8/28/2019

Military veterans often pay a heavy toll for their service from a physical, emotional and even financial standpoint. A new federal law— the Honoring American Veterans in Extreme Need Act of 2019 or the HAVEN Act— aims to...more

President Signs HAVEN Act to Assist Veterans in Bankruptcy Matters

Holland & Knight LLP on 8/27/2019

President Donald Trump on Aug. 23, 2019, signed the Honoring American Veterans in Extreme Need Act of 2019 (HAVEN Act) into law. The HAVEN Act was introduced in the U.S. House of Representatives by Lucy McBath (D-Ga.) and...more

Defending Our Veterans: Excluding Veterans' Benefits from Current Monthly Income - ABI Journal

Bradley Arant Boult Cummings LLP on 11/9/2018

Part of the mission of ABI’s newly formed Task Force for Veterans and Servicemembers Affairs is to “remediate and prevent adverse debt concerns and impacts on veterans and servicemembers to ensure that we financially...more

When Are My Federal Benefits Protected?

Flaster Greenberg PC on 11/2/2018

Senior citizens and disabled persons are particularly susceptible to debt and money issues. For those living on a fixed income, losing part or all of the federal government benefit on which the recipient depends on food and...more

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