For
the military veteran’s loyal service, they were given numerous benefits that
were designed to secure them as they grow older. Do they have protection on
their assets and benefits if they fall into debt? It is not an undisclosed matter
that veterans were not able to receive a huge amount of monthly stipend for
their living expenses once their retirement started from the service. Although
they might receive healthcare for free and mediocre accommodations, but they
are really far from receiving sufficient fund to live on throughout the
retirement. A great number of veterans find themselves living off less than the
minimum wage and time and again cannot afford to make payments on cars, houses
and other commodities. They also consider on filing for bankruptcy.
Bankruptcy
is among the top option for veterans to provide relief when the debt becomes
overbearing and finances are not enough to make the payments. Bankruptcy can
safeguard any person from creditors, collection efforts and repossession while
helping to get rid of debt. Military veterans are able to receive many
additional protections under bankruptcy that the average filer will not be able
to achieve.
Bankruptcy
laws offer many exemptions for filers to defend certain assets; veterans are
afforded these exemptions and may be eligible for additional bankruptcy
exemptions. Filing for bankruptcy is a way of the veterans to find for better
and lasting solutions to eliminate their debts.
Winston I. Cuenant, Esq., is
a highly talented French speaking
attorney Miami who can extend his
helping hands to guide towards a successful legal battle. He can handle case in
real estate, civil litigation, filing for bankruptcy and more.
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