Bankruptcy and military enlistment
i got letter from a collection agency and it says i owe about 7400 in debt. I do not have a job currently...will filing bankruptcy effect me getting in? im so close and i cant lose this chance... what is the best thing for me to do?
1 Answer from Attorneys
Re: Bankruptcy and military enlistment
It might not affect your getting in, but it will affect your security clearance which you are likely to need. Discharging the debt in bankruptcy is OK, but you need to check with a BK lawyer to see if that's right for your overall financial situation. If you were not going into the military I would advise you to check with a lawyer to see if the debt is legally collectible, but the military does not care whether your debts are legally collectible or not. They will want to see you making regular payments even if the payments are small.
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