Posts Tagged ‘struggling with debt’

Honoring American Veterans in Extreme Need Act of 2019

access_time Posted on: March 26th, 2020

Haven Act of 2019 In August of 2019, Congress rewarded our Veterans for their service by approving the “Honoring American Veterans in Extreme Need Act of 2019”, aka the “HAVEN Act”. The purpose of the Act is to exempt from the calculation of monthly income certain benefits paid by the Department of Veterans Affairs and the Department of Defense. The Act modified the definition of “Current Monthly Income” under the Bankruptcy Code to exclude VA benefits, in general.  What does this mean for our clients? In Bankruptcy, there are certain factors considered for whether our individual, consumer clients qualify for… read more »