Bankruptcy doesn't have to be something bad.
It can actually be the start of something good.
Your situation is unique, and it's personal.
Your attorney should be as well.

Veteran Benefits and Bankruptcy

The federal government provides some important bankruptcy exemptions for veterans that are available in conjunction with state benefits. These bankruptcy exemptions help veterans protect the benefits given to them by the federal government for their military service. A veteran filing for bankruptcy may be allowed to retain a variety of different types of assets or property.

To learn more about the bankruptcy exemptions available for veterans, contact the Birmingham bankruptcy attorneys of Greenway Bankruptcy Law, LLC, at (205) 324-4000 today.

Federal Exemptions for Veterans

A veteran may be able to take advantage of federal exemptions available to protect benefits they were awarded for their military service. These benefits often provide necessary income or financial stability for a veteran who needs some form of assistance. In some instances, these benefits are of critical importance for veterans, and the government understands that protection from bankruptcy is a fair treatment for these individuals.

Under federal non-bankruptcy laws, the following exemptions are available for veterans:

  • Deposited money left in savings accounts while serving overseas
  • Financial benefits
  • Group life insurance
  • Honor roll pensions
  • Medal of Honor benefits

The benefits available for veterans cover the full amount of these assets and forms of income.

Contact Us

If you are a veteran dealing with seemingly insurmountable amounts of debt and you are considering filing for bankruptcy, you may be entitled to certain exemptions available from the federal government. For more information, contact the Birmingham bankruptcy attorneys of Greenway Bankruptcy Law, LLC, today by calling (205) 324-4000.

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Greenway Bankruptcy Law, LLC
505 20th St N #1220
Birmingham, AL, 35203
Phone: (205) 324-4000
Tuscaloosa: (205) 737-3350
Gadsden: (256) 467-6650

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Greenway Bankruptcy Law, LLC All rights reserved. We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code. The following language is required pursuant to Rule 7.2, Alabama Rules of Professional Conduct. No representation is made that the quality of legal services to be performed is greater than the quality of legal services performed by other lawyers. This web site is designed for general information only. The information presented at this site should not be construed to be formal legal advice nor the formation of a lawyer/client relationship.

Greenway Bankruptcy Law, LLC 505 20th St N #1220, Birmingham, AL, 35203 | Phone Number: (205) 324-4000