Can Active Duty Military File Bankruptcy?

Video Transcript

"You are an active duty member of the United States Armed Forces and recently like many millions of Americans you have found that you are no longer able to pay your debts on a monthly basis. In other words you are running out of money long before you run out of the month. But you would ordinarily consider filing bankruptcy if you were a civilian and not on active duty. But you've heard that active duty members can't file for bankruptcy. Hello I'm Robert Todd and I'm here to answer the question, can active duty service members file bankruptcy. Well while active duty service members are generally held to a higher standard of conduct and behavior then the regular citizenry of the United States and they have to give up some rights sometimes, in this particular case they don't give up the right to file bankruptcy. Anyone can file bankruptcy including active duty armed services members. So if you are considering this it's not something that you can necessarily do by going on the internet and checking out a website. It's something that we would recommend you consult a bankruptcy attorney. That is a lawyer that specializes in bankruptcies. I'm Robert Todd and thank you for watching."