Many people are overwhelmed by their debt but afraid to consider bankruptcy because they might lose their car or house. When a person files for bankruptcy, she must list all her assets. However, many times there is protection for the asset called an exemption, or there is very little equity in the asset. Equity is the difference between what is owed on the lien against an asset and the value of the asset. For example, a debtor might own a 2010 Kia Sorento worth $10,000.00. If he owes … [Read more...]
VBA Compensation & Pension Preparation
You have been scheduled for a C&P exam as part of your appeal/application and the Regional Office has determined that you have met a minimal standard qualifying you for an evaluation by a physician to determine the etiology and/or severity of your condition. WHO ARE THE EXAMINERS? The Compensation and Pension examination may take place at a VA Medical Center, outpatient clinic or with a contract examiner. The VA has contract sources to assist with getting these examinations done in a … [Read more...]
What to Expect from Bankruptcy When You Owe Child/Spousal Support
Domestic Support Obligations (DSOs) Child support and spousal support are often referred to as domestic support obligations, or DSOs. Many individuals who file bankruptcy have a DSO, so this is a common topic of concern. First and foremost, domestic support obligations are not dischargeable. Debtors cannot get rid of any amount of child support, spousal support, or arrearages related to a domestic support obligation by filing bankruptcy. If you owe a co-parent or ex-spouse a support … [Read more...]
Personal Assault in Service
Sometimes things just go terribly wrong. A young person volunteers to serve his/her country and in the process becomes a victim of assault. Personal assault can be a physical beating, rape, domestic battery, robbery and even harassment. Personal assault under VA regulations does not include harm caused by an enemy force. Due to the nature of personal assaults, sometimes a service member’s entire outlook on his or her military career is changed. A once exemplary military member may … [Read more...]
At separation: What I wish they’d told me…
There is that point in almost every conversation with a veteran or their family when they say “boy, I wish I’d known that at the time I (he/she) left service.” It’s difficult and occasionally heartbreaking to have to explain to a veteran that if they had filed a claim within an earlier time period, submitted certain evidence or asked for benefits a different way they might now be better off. While online information has helped in recent years, even the internet-savvy can find themselves … [Read more...]
