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On October 20th, 2008, President Bush signed into law the "National Guard and Reservists Debt Relief Act of 2008," P.L. 110-438. This legislation makes debt relief under Chapter 7 of the Federal Bankruptcy Code more readily available to members of the Armed Forces Reserves or National Guard who have been mobilized to active duty for a period of more than 90 days since September 11th, 2001 by waiving the dreaded "Means test" calculation.
The "Means... Read More
There's a lot of talk out of Washington about new plans and schemes to help homeowners in financial distress from losing their homes in foreclosure. Unfortunately, that's all it is, talk. Nothing concrete or definitive has yet been enacted into law and it's doubtful that there will be any relief at all until after the election. Instead of waiting for new relief out of Washington that may never come, homeowners in distress should consult with an experienced bankruptcy lawyer about how... Read More
People often act without forecasting prospective issues. In filing for disability retirement, it is important to take into account the emphasis and basis upon which one files for Federal Disability Retirement, because when an approval is given by the Office of Personnel Management, OPM identifies the specific medical disability upon which they granted the approval. As such, it is important for the applicant to base the application upon the medical... Read More
