What is a Chapter 7 in the Army?

Basis for Chapter Elimination: Chapter 7 provides authority for the separation of Soldiers due to minority (underage), erroneous enlistment, induction or extension of enlistment, defective enlistment agreements, and fraudulent entry.

What is a Chapter 7 military discharge?

A Chapter 7 bankruptcy is the best way to address the risk of losing a security clearance. Chapter 7 cases only last approximately four months and debt is discharged. Wages are not garnished in Chapter 7 cases and so DFAS is not Page 5 notified of the filing of the Chapter 7 case.

What does a Chapter 7 do?

A Chapter 7 bankruptcy will generally discharge your unsecured debts, such as credit card debt, medical bills and unsecured personal loans. The court will discharge these debts at the end of the process, generally about four to six months after you start.

What is a 7 17 discharge?

Paragraph 7-17 (Incident of fraudulent entry) states that fraudulent entry is the procurement of an enlistment, re-enlistment, or period of active service through any deliberate material misrepresentation, omission, or concealment of information which, if known and considered by the Army at the time of enlistment or re ...

Can you join military If you are in debt?

If you have unpaid loans which are significantly overdue and/or in collections, you can expect to be denied enlistment until you resolve the problem. A history of bad credit could also affect your security clearance eligibility, which could make many military jobs unavailable to you.

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Does the military clear your debt?

You must enlist for at least six years and after your first year, the Army will pay off 15% of your outstanding loan balance or $1,500, whichever is greater, annually while you are a member of the Army Reserve or until you reach the $20,000 cap.

Does the Army do credit checks?

The Army, Navy and Marine Corps usually run credit checks only on applicants who need to qualify for a security clear- ance or who require a dependency waiver. But they forgo hard-and-fast rules in favor of a case-by-case approach.

What are the 5 types of military discharges?

In general, there are five different types of discharges from the Army: Honorable; General, Under Honorable Conditions; Under Other than Honorable Conditions; Bad Conduct; and Dishonorable.

What is Chapter 8 in the Army?

Chapter 8 establishes policy and procedures for voluntary separation of enlisted women because of pregnancy. If an individual is beyond entry-level status, her service will be characterized as honorable or general, under honorable conditions.

What is Chapter 9 in the Army?

Army Regulation 635-200 sets forth the basic authority for the separation of enlisted personnel. Chapter 9 outlines the procedures for discharging individuals because of alcohol or other drug abuse.

What happens after discharge in a Chapter 7?

For most filers, a Chapter 7 case will end when you receive your discharge—the order that forgives qualified debt—about four to six months after filing the bankruptcy paperwork. Although most cases close after that, your case might remain open longer if you have property that you can't protect (nonexempt assets).

What is the difference between Chapter 7 and Chapter 11?

Key Takeaways. Chapter 11 bankruptcy is a business reorganization plan, often used by large businesses to help them stay active while repaying creditors. Chapter 7 bankruptcy doesn't require a repayment plan but does require you to liquidate or sell nonexempt assets to pay back creditors.

What is the difference between Chapter 7 and Chapter 13?

With Chapter 7, those types of debts are wiped out with your filing's court approval, which can take a few months. Under Chapter 13, you need to continue making payments on those balances throughout your court-instructed repayment plan; afterwards, the unsecured debts may be discharged.

How long does it take for Chapter 7 to be removed from credit report?

A Chapter 7 bankruptcy can stay on your credit report for up to 10 years from the date the bankruptcy was filed, while a Chapter 13 bankruptcy will fall off your report seven years after the filing date. After the allotted seven or 10 years, the bankruptcy will automatically fall off your credit report.

Can I spend money after filing Chapter 7?

Frivolous spending after you file could put your case in jeopardy. Spending money willy-nilly after you file for bankruptcy could appear like fraud and upend your court ruling.

Can Chapter 7 be removed from credit before 10 years?

Can Chapter 7 Bankruptcy Be Removed From My Credit Report Before 10 Years? Chapter 7 bankruptcy stays on your credit report for 10 years. There's no way to remove a bankruptcy filing from your credit report early if the information is accurate.

What is a Chapter 10 in the Army?

Soldiers who are undergoing a Court-Martial may hear about something called a “Chapter 10.” A Chapter 10 is a request from a Soldier to be administratively discharged instead of having to face a Court-Martial. If a chapter 10 request is approved, all charges are dismissed and the Soldier is discharged administratively.

What is a Chapter 11 in the military?

Chapter 11 – Entry Level Performance and Conduct: The grounds for this type of separation is unsatisfactory performance or minor disciplinary infractions. This type of discharge is only applicable within your first 180 days of active duty service.

What is Chapter 13 in Army?

GENERAL: This is a discharge under honorable conditions, soldier whose record and performance is satisfactory. This is usually given to someone who had non-judicial punishments (Article 15s), but not for serious infractions. When this type of discharge is given, the commander must state the specific basis for it. c.

What gets you kicked out of the military?

A negative fitness assessment (FA) or physical training (PT) test failure can have a disastrous impact on your military career. Depending on your status and whether any other poor fitness assessments are already in your records, just one or more failures can cause you to be kicked out of the military.

How bad is a dishonorable discharge?

A Dishonorable Discharge is reserved for truly reprehensible crimes such as murder, manslaughter, sexual assault, and desertion. Those who receive a Dishonorable Discharge will lose all of their military benefits and are forbidden from owning firearms as civilians.

Does a general discharge become honorable?

A general discharge under honorable conditions means that your service was satisfactory, but did not deserve the highest level of discharge for performance and conduct. Many veterans with this type of discharge may have engaged in minor misconduct.

Will joining the military fix my credit?

Joining the military doesn't have a direct impact on your credit. You won't get points on your score because you're a service member, for example. However, you might want to pay attention to your credit because you could be subject to greater financial monitoring depending on your position and security clearance.

How can I fix my military credit?

Military credit repair techniques include reducing your credit use and lowering your balances to well below 50%. Don't open new credit card accounts, and start paying down your existing credit card accounts with the goal of reducing all balances below 50% (30% is ideal) over time.

What credit score do I need to join the military?

What credit score is needed to join the military? In general, the military isn't looking for a specific credit score when determining financial eligibility, but excessive debt or delinquent payments could be a red flag for further discussions with your recruiter.