The HAVEN Act of 2019 (which stands for the “Honoring American Veterans in Extreme Need Act of 2019") provides that certain VA disability and survivor benefits will no longer be considered "current monthly income" for purposes of a person qualifying for bankruptcy relief. It will make it much easier for veterans to pass the "means test" of chapter 7 and permit those that file chapter 13 cases to have a more affordable plan payment.

This means that more veterans will be eligible to file for bankruptcy, because this income is no longer counted. If you are a veteran or the survivor of a veteran, you receive VA disability or survivor benefits and you have not qualified for bankruptcy relief in the past because of this income being counted on the means test, you may now qualify. And if you live in the Houston, Texas metro area or surrounding counties you can contact our office for a bankruptcy consultation at 713-772-8037, make an appointment with us online, or request more information.

We applaud Congress and the President for passing this legislation to help struggling veterans. What do you think? Should veterans receive an exemption for their VA disability benefits, or should they be subject to the same laws as everyone else? Please leave your questions or comments below.

J Thomas Black
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Board Certified, Consumer Bankruptcy Law- Texas Board of Legal Specialization
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