Military Personnel: Observations on the Use and Effects of the National Guard and Reservists Debt Relief Act of 2008
Abstract
In section 3 of the National Guard and Reservists Debt Relief Act of 2008 (Pub. L. No 110-438 (2008)), Congress mandated that we provide information on the use and the effects of the provisions of law amended (and as amended) by the act. Specifically, the act amended the existing bankruptcy code to exempt qualifying members of the National Guard and Reserve Components from the means test process when they file a petition for Chapter 7 bankruptcy relief. We are fulfilling the act's requirement by transmitting the enclosed briefing slides to the President Pro Tempore of the Senate and the Speaker of the House of Representatives. We provided a draft of the enclosed slides to the Administrative Office of the U.S. Courts, the Executive Office for U.S. Trustees, and the Department of Defense for review and comment. They provided us with technical comments, which we have incorporated as appropriate.
Document Details
- Document Type
- Technical Report
- Publication Date
- Sep 30, 2010
- Accession Number
- ADA530976
Entities
Organizations
- United States Government Accountability Office