National Guard And Reservists Debt Relief Act Of 2008 PDF Download

This is a print on demand edition of a hard to find publication. Provides info. on the use and the effects of the provisions of Nat. Guard and Reservists Debt Relief Act of 2008. The act amended the existing bankruptcy code to exempt members of Nat. Guard and Reserve from the means test process when they file a petition for Chap. 7 bankruptcy relief. Contents: 8% of Service-members (SM) Who Filed for Bankruptcy Relief Under Chap. 7 Have Claimed the Means Test Exemption; 32% of the Aggregate Debt Reported by SM Could Potentially be Discharged; Ten of the 11 Eligible SM Interviewed Did Not Attribute Their Debt to Military Service; Debt Relief Act (DRA) Has Had Little Effect on the Bankruptcy System or on Creditors; SM Report That DRA Has Had No Impact on Their Debt Incurrence Practices. Illus.