Understanding The HAVEN Act

The HAVEN Act - Vital Disability Protection For Veterans Filing Bankruptcy

For their selfless protection of American life, veterans deserve their own protection when faced with financial turmoil. Prior to the Honoring American Veterans in Extreme Need (HAVEN) Act, which was signed in summer 2019, disability payments were not protected for veterans filing bankruptcy. But now, those of veteran status seeking financial shelter may do so with a sense of security.

At Gillespie & Murphy, P.A., we understand the sacrifices made by American veterans, and our country's duty to help preserve their financial wellbeing. Our attorneys at our offices in New Bern, Wilmington, Greenville and Jacksonville, have nearly a half-century of combined experience and a pool of bankruptcy law resources.

If you or a loved one are a veteran in financial trouble, reach out for a free consultation and information on how we can help.

We Know Bankruptcy Law And How It May Affect You

The HAVEN Act met overwhelming support by both major political parties during its tenure as a bill. The president signed the act in August 2019. The act protects the following types of disability-related payments and more:

  • Compensation for severe illnesses
  • Disability severance
  • Compensation for combat injuries
  • Payments to a survivor connected to military personnel's death

Most protected forms of monthly disability income are those which come from the Department of Defense. The finer details may vary, however, as well as the type of bankruptcy you choose to file. That is where we come in.

Seek Financial Shelter – Reach Out Today

The bankruptcy process can appear intimidating. Our lawyers can help ensure you take all the proper steps to protect your income and receive a fresh start.

Connect with us for a free consultation to learn more about military veterans bankruptcy at one of our eastern North Carolina offices.