|
Release from Active DutyLast Updated: November 15, 2019On August 26, 2019, the President signed into law the National Guard and Reservist Debt Relief Act of 2019, Pub. L. No. 116-53, extending the original act an additional four years to provide a temporary exclusion from the bankruptcy means test for certain reservists and members of the National Guard. The law provides the temporary exclusion for reservists and members of the National Guard called for no less than 90 days to active duty or homeland defense activity following September 11, 2001. The temporary exclusion will last for the period that the qualifying debtor is on active duty or is performing a homeland defense activity and for 540 days thereafter. The debtor must inform the court of the date of release from active duty or the date on which the performance of homeland defense activity is terminated. Filing Requirements:
See also Statement of Exemption from Presumption of Abuse Under ยง 707(b)(2).
|
|
|
|
|