S.3197 - National Guard and Reservists Debt Relief Act of 2008 Sponsor: Richard Durbin / 110th Congress

Title
110th Congress - A bill to amend title 11, United States Code, to exempt for a limited period, from the application of the means-test presumption of abuse under chapter 7, qualifying members of reserve components of the Armed Forces and members of the National Guard who, after September 11, 2001, are called to active duty or to perform a homeland defense activity for not less than 90 days. hidemore...
Summary
A bill to amend title 11, United States Code, to exempt for a limited period, from the application of the means-test presumption of abuse under chapter 7, qualifying members of reserve components of the Armed Forces and members of the National Guard who, after September 11, 2001, are called to active duty or to perform a homeland defense activity for not less than 90 days. (by CRS)
Status
The bill has become law.

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National Guard and Reservists Debt Relief Act of 2008 by Kevin Blackburn, Oct 3, 2008 (7:24pm)

Americans who serve our country deserve help in dealing with financial hardships. With this legislation, National Guard and Reserve members will be able to get bankruptcy assistance much easier. Previously there was a means test that looked at a person’s income and expenses in the six month period prior to filing for bankruptcy, which obviously penalizes those serving in active duty. This bill exempts National Guard and Reserve members from this standard. This bill achieved wide bipartisan support for a reason. Simply put, it makes both moral and political sense to help out those that have served our country. It is hard to think of any reason to oppose this bill, as evidenced by the unanimous vote.

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