How Can the Servicemembers’ Civil Relief Act Help Military Personnel?
When someone in the military is facing an overwhelming amount of debt that they simply can’t repay, they may want to look for ways to help protect themselves against legal action from creditors. In addition to providing additional protection, the Servicemembers’ Civil Relief Act (SCRA) may be able to assist some military personnel with the financial problems that affect their household. This law provides some important protections for military servicemembers and their families, potentially saving property or improving household finances.
If you’re unsure about how to deal with financial obligations that you can’t manage on your own, we can provide you with additional information regarding your bankruptcy options. To learn more about this powerful debt relief solution from an experienced legal advisor, contact Florida bankruptcy attorney Ryan J. Really, Attorney at Law, PLLC, today by calling (239) 237-0675.
SCRA Financial Benefits and Protections
A servicemember with significant debt may need to use the full range of legal resources at their disposal to avoid the loss of property to creditors. In particular, the Servicemembers’ Civil Relief Act provides the following:
- Interest rate reduction for eligible servicemembers
- Special protection from credit collection in addition to an automatic stay
- Up to three months of protection from eviction for certain tenants
- The ability to freely cancel leases or month-to-months agreements due to service needs
These protections and benefits may be able to help a servicemember reduce their financial obligations. However, if these benefits aren’t enough, bankruptcy may be the right option. In addition to SCRA’s protections, servicemembers may receive certain benefits during bankruptcy due to their scheduling restraints.
Burdensome debt concerns may be easier to handle with the right legal assistance. To discuss what protections may be available for you and your family as a military servicemember, contact Florida bankruptcy lawyer Ryan J. Really, Attorney at Law, PLLC, at (239) 237-0675 today.