Homeland Soldiers Get Extended Bankruptcy Assistance

Posted on December 1, 2011 by StartFreshToday

 

On November 29, H.R. 2192: National Guard and Reservist Debt Relief Act of 2011 was overwhelmingly passed in the House 407-1. The law will extend the exemption for an additional 4-year period, from the application of the means-test presumption of abuse under Chapter 7, qualifying members of reserve components of the Armed Forces and members of the National Guard who, after September 11, 2001, are called to active duty or to perform a homeland defense activity for not less than 90 days.

Sponsored by Rep. Steve Cohen (D-TN), the bill was sent to the Senate yesterday, and its future seems certain to pass barring taking place on a partisan companion Senate bill.

 

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