WM. Barry Phillips, P.C. | A Bankruptcy, Divorce & Family Law Firm
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Fort Hood Military Bankruptcy Lawyers Serving All Of Central Texas

In our current economic environment, no one is immune from financial problems. This is true for civilians as well as those who serve the United States in the armed forces. If you are in the military or are a veteran and are going through tough times financially, bankruptcy may be an option. Several unique rules apply to active duty and retired members of the military. It is important to work with lawyers who fully understand these special issues and can work with you to accomplish your goals.

At Wm. Barry Phillips, P.C., our Killeen law firm is very close to Fort Hood. Our bankruptcy attorneys frequently represent men and women who are serving or who have served in the military. We understand the many special circumstances that apply in military bankruptcy cases and are prepared to guide you through the process.

How Is Military Bankruptcy Different From Civilian Bankruptcy?

One of the main differences between bankruptcy for service members and for civilians involves the Bankruptcy Abuse Prevention and Consumer Protection Act. Under this act, individuals on active duty and members of the Reserve and National Guard may be able to file Chapter 7 bankruptcy without having to pass the means test.

In addition, disabled veterans who are disability-rated 30 percent or more and who incurred more than half of their debt while on active duty or performing homeland defense activities do not have to pass the means test. This is a significant advantage for those who qualify. Moreover, the Servicemembers Civil Relief Act (SCRA) affords several benefits to members of the military, such as preventing the entry of default judgments against soldiers on active duty.

There are other special considerations as well. For instance, if you lived in another state before Texas, you may not qualify for Texas’ bankruptcy exemptions. In certain circumstances, your security clearance could be negatively impacted by filing bankruptcy. Our goal is to help you maximize your debt relief options without harming your military career. With nearly 50 years’ combined experience, we are well-equipped to do just that.

Contact Wm. Barry Phillips, P.C.

Call 254-634-0271 or email our law firm to arrange your free initial consultation.

We are a debt relief agency. We provide legal representation for people filing for bankruptcy relief under the Bankruptcy Code.