Active duty military persons and defense industry people are often required to have a security clearance for their jobs.
Many of these people fear that if they file for bankruptcy, they will lose that clearance, and accordingly their position or rank.
More often than not these people are in debt, behind on a mortgage or both. The principal fear is that if it is known that they are in financial trouble, they are susceptible to foreign bribery.
Whether filing a case under Chapter 7 or Chapter 13 of the Bankruptcy code, the debtor will be discharged of their debt and left in a financially sound position: hence no longer susceptible to foreign bribery.
To get more information on how a bankruptcy filing can protect your job, rank and position, call 858 499 8951 for a free consultation.