The Servicemembers Relief Act (SCRA) was formerly known as the Soldiers and Sailors Civil Relief Act (SSCRA). Its objective is to give members of the United States armed forces protections against creditors while they are serving on active duty in any branch of the U.S. military. The SCRA suspends all judicial and administrative actions and transactions against the servicemember, which may have an adverse affect on the individual and/or family members. In short, the SCRA is designed to allow the servicemember to focus energies on the defense of the United States.
Debt Relief and Bankruptcy
The SCRA offers provisions for the servicemember to postpone payment and/or reduce interest on certain types of debt to creditors, if the debt was incurred prior to entering military service. Under provisions of the SCRA, creditors may also be restricted from forcing a servicemember into default on a loan, foreclosing on a home or evicting the individual or family members from a rental home.
Are You Considering Bankruptcy?
If you are a member of our armed forces on active duty and are encumbered by heavy debt, filing for protections under the SCRA may be a legitimate benefit to help you avoid creditor harassment and collections actions against you and your family. Learn more about the Servicemembers Relief Act and bankruptcy. Call an experienced Florida bankruptcy attorney at The Golden Law Group. We are ready to answer all of your questions about bankruptcy, debt relief and illegal collections practices.
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From three convenient office locations, we represent individuals, families and business owners in bankruptcy matters in Bradenton, Brandon, Sarasota, Tampa and communities throughout the Florida Gulf Coast region. If you are over your head in debt and don't know where to turn for relief, turn to us. Contact us today for a free, no-obligation consultation.