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Military Personnel: Observations on the Use and Effects of the National Guard and Reservists Debt Relief Act of 2008

GAO-10-1014R Published: Sep 30, 2010. Publicly Released: Sep 30, 2010.
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Highlights

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 this briefing to the President Pro Tempore of the Senate and the Speaker of the House of Representatives.

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National Defense
AccountabilityBankruptcyDebtEligibility criteriaEligibility determinationsMilitary personnelMilitary reserve personnelNational GuardMilitary forcesHomeland security