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I have been discharged from bankruptcy last month and would like to start applying for the military can i still join with the discharged bankruptcy?
Bankruptcy DAOD 5019-8 [Merged]
- Thread starter highlander85
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Did you do a search on here? Or visit a local Recruiting Office? Try those, and you should get you're answer :nod:
Yrys
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ain't isnt a word, and I searched everywhere and couldnt find it. The last one was locked due to me asking so many questions in one topic.
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From Merriam-Webster
You asked the question, were suggested topics to search for and yet, come here and ask the same question again? From the previous post:
You asked the question, were suggested topics to search for and yet, come here and ask the same question again? From the previous post:
, as 'could'nt' .
A
aesop081
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highlander85 said:
Ain't you just the cutest thing........awwww.
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I'm curious that if my husband and I both file for bankruptcy and he goes on "counseling" does that stop him from doing his Sgt course? if it does, for how long?
we have to file, but if it effects his entering to that course, then we may wait until after he's started that course to file for bankruptcy
we have to file, but if it effects his entering to that course, then we may wait until after he's started that course to file for bankruptcy
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DAOD 5019-8 http://www.admfincs-smafinsm.forces.gc.ca/dao-doa/5000/5019-8-eng.asp would be your reference.
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we have spoken to 2 trustees and the only solution is bankruptcy.
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With individual case being different it's difficult to say what the implication on your husbands career might be.
It can affect his current security clearance, or his ability to obtain a higher level if it required for his job.
He/you will be unable to take advantage of Canex low interest payments plans.
Units will be guided by the national policy in one of the above posts. He will likely be encouraged/directed to seek financial counselling. It would be benificial for both of you to take advantage of this service.
With regard to crse's etc...I cannot say with any certainty what the implications might be.
I would advise that being up front about this with his unit is the best thing possible. If he were to spring this upon his unit while on a career course...it would be very bad indeed....not recommended at all.
Bankruptcy is not the end of the world. Many folks have been through the ringer and have come out the better for it.
It can affect his current security clearance, or his ability to obtain a higher level if it required for his job.
He/you will be unable to take advantage of Canex low interest payments plans.
Units will be guided by the national policy in one of the above posts. He will likely be encouraged/directed to seek financial counselling. It would be benificial for both of you to take advantage of this service.
With regard to crse's etc...I cannot say with any certainty what the implications might be.
I would advise that being up front about this with his unit is the best thing possible. If he were to spring this upon his unit while on a career course...it would be very bad indeed....not recommended at all.
Bankruptcy is not the end of the world. Many folks have been through the ringer and have come out the better for it.
Eye In The Sky
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Have either of you approached SISIP for their assessment and advice? I'd take the time to read the info at the link below.
https://www.cfpsa.com/en/AboutUs/SISIPFS/FinancialCounselling/Pages/default.aspx
https://www.cfpsa.com/en/AboutUs/SISIPFS/FinancialCounselling/Pages/default.aspx
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Jammer said:
See QR&O 19.08 as you have "obligations". The question is "What will your unit decide to do?" If either member holds a Level III Clearance, then in all likelihood a "Change of Circumstance" report would be in order. After that, it's a roll of the dice. I have seen units do nothing, as it was considered to be a "private" matter, the member was dealing with it and it did not have any effect on their job performance. Career action normally doesn't take place unless the unit receives a "complaint" from a Creditor.
Like mentioned above, it's not the end of the world and does happen. On a side note, Bankruptcy and Insolvency listings are provided to Pay Accounting Officers on either a monthly or quarterly basis (can't remember which). So at some point, it will probably be discovered.
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I thirdly recommend SISIP.
9D and I went through that dance years ago ourselves and SISIP was a huge help. We worked with them alongside the trustee. Since then I have assisted a few of my troops through various issues by sending them to SISIP.
It feels a bit like they are in your shorts for the first while, but the budgeting process becomes second nature after a bit.
As far as career repercussions, I can only speak for myself and a 2 of my troops that have gone through bankruptcies. I had none, went on courses, got promoted etc etc. One of my troops was nailed on his security clearance which had some posting implications for him, but he still went on his courses (once SISIP confirmed with the CoC that obligations were being met). The other was the same as myself.
9D and I went through that dance years ago ourselves and SISIP was a huge help. We worked with them alongside the trustee. Since then I have assisted a few of my troops through various issues by sending them to SISIP.
It feels a bit like they are in your shorts for the first while, but the budgeting process becomes second nature after a bit.
As far as career repercussions, I can only speak for myself and a 2 of my troops that have gone through bankruptcies. I had none, went on courses, got promoted etc etc. One of my troops was nailed on his security clearance which had some posting implications for him, but he still went on his courses (once SISIP confirmed with the CoC that obligations were being met). The other was the same as myself.
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I would also recommend SISIP in conjunction with the trustee's recommendation. In some cases even SISIP can't help out, but they'll tell you fairly quickly if that's the case.
As far as career implications, the common practice is that there aren't any until creditors start sending letters to your CO. Once that starts happening, the DAOD kicks in. Once you start the bankruptcy process, all those letters to you and the CO will stop. Your security clearance, generally, is safe as long as you're open and honest with everyone about your debt and/or bankruptcy proceedings. The risk is from subversion against someone trying to hide their financial situation. If you're open and up front about it all, you're not at risk from subversion and therefore no longer a security risk. Declaring bankruptcy isn't easy - but it is taking the bull by the horns and dealing with the problem and is viewed that way now.
As far as career implications, the common practice is that there aren't any until creditors start sending letters to your CO. Once that starts happening, the DAOD kicks in. Once you start the bankruptcy process, all those letters to you and the CO will stop. Your security clearance, generally, is safe as long as you're open and honest with everyone about your debt and/or bankruptcy proceedings. The risk is from subversion against someone trying to hide their financial situation. If you're open and up front about it all, you're not at risk from subversion and therefore no longer a security risk. Declaring bankruptcy isn't easy - but it is taking the bull by the horns and dealing with the problem and is viewed that way now.
http://www.k3c.org/
Best resource ever for money problems. Saved me from going bankrupt. Consolidated all my debts, got some debts forgiven and stopped all the interest. They take 3% of your payments and since they are a nonprofit it goes to charities like women's shelters and such. My debt got farmed out to some real scumbags who took full payment then refused to give me a receipt. They then sold my debt a second time to an even worse company. K3C went to the bank and got them to take the paper still outstanding back and forgive the one already paid. Much better than shady bankruptcy trustees who probably didn't even mention they can stop all the interest on your paper
If you are in the Kingston-Bellevile/Trenton or Ottawa area give them a call.
Best resource ever for money problems. Saved me from going bankrupt. Consolidated all my debts, got some debts forgiven and stopped all the interest. They take 3% of your payments and since they are a nonprofit it goes to charities like women's shelters and such. My debt got farmed out to some real scumbags who took full payment then refused to give me a receipt. They then sold my debt a second time to an even worse company. K3C went to the bank and got them to take the paper still outstanding back and forgive the one already paid. Much better than shady bankruptcy trustees who probably didn't even mention they can stop all the interest on your paper
If you are in the Kingston-Bellevile/Trenton or Ottawa area give them a call.
Nemo888 said:
This is only a good route, "IF" you qualify for it.
There are criteria and formulas that still need to be used. I went to a Credit Counselling seminar to explore every option available to me, I sent in for an orderly repayment of debts, denied. Went to a trustee for a proposal, denied. Bankruptcy was my only option.
Realistically, all affect your credit.
You have lots of options and some great advice here.
From personal experience (just my own, not military) You can recover from it. But use it as a really great learning experience so you are never in that place again.
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