Monthly Archives: December 2024
How Does Bankruptcy Affect My Security Clearance?
Contrary to popular myth, bankruptcy filings do not trigger security clearance revocation, denial, or other adverse action. Neither the government nor private entities, like employers or landlords, may discriminate against bankruptcy filers. However, a bankruptcy filing could trigger a DoD Directive 5220.06 inquiry. After notice and hearing, the DoD may take adverse action against… Read More »
Does Bankruptcy Make it Hard to Buy a Car?
Yes. If people say otherwise, they don’t know what they’re talking about or they’re telling you what you want to hear. Bankruptcy makes it hard, but not impossible, to buy a car. The same principle applies to other major purchases, including a house. In fact, in most cases, debtors can buy cars while they’re… Read More »
