UnThreaded | Threaded | Whole Thread (6) | Ignore Thread Prev | Next
Author: Prowlermd Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 1260  
Subject: Re: Could I finance a newcar under my circumstan Date: 8/23/2001 8:06 AM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 1
My bankruptcy attorney also happened to be in the Army reserves and spent time each month working in the JAG office as a military attorney. I posed that question to him about how bankruptcy would affect my military career. My "military career" is a bit of a misnomer, though. I didn't plan on continuing in the military and didn't really have any career goals in the military. I was just paying back my time I owed for them paying for my schooling. However, this is how he explained it to me.

The Army really couldn't give a rat's ass about me filing for bankruptcy. They simply don't care. However, and this could be a big however...what they do care about is if a soldier can't manage his financial affairs, meaning, if creditors are after him and even calling his commander about collections, bad checks, etc. etc. Since bankruptcy is actually a way of managing one's financial affairs, the Army doesn't really care about that.

However, your boyfriend's situation could be different from mine. I would strongly recommend he ask a bankruptcy attorney who is knowledgable in the ways of military things about his situation.

Hope that helps.

Prowler
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (6) | Ignore Thread Prev | Next

Announcements

Post of the Day:
Value Hounds

Medallion Financial: TAXI!
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement