Service Member Debt Relief

Service Member Debt Relief Announces Financial Services for American Service Members launches legal bankruptcy protection for service members and their families with no money down options.


Jacksonville, NC -- (SBWIRE) -- 03/03/2015 -- Reporting for the journal "Business News Daily" Senior Writer Chad Brooks discusses personal finance in his article "Filing for Bankruptcy: Information, Benefits & Disadvantages." Mr. Brooks writes, "There is a major advantage in filing for bankruptcy protection. It allows an individual an opportunity to repay a portion of their debts if they can or in many cases, be totally relieved of their debts. This allows anyone who has been overwhelmed by financial difficulties time to reorganize their life and make plans for the future. Furthermore by obtaining a legal bankruptcy ruling, creditors and debt collectors can no longer contact a debtor for monies owed."

Meeting the needs of military personnel who require bankruptcy protection under the law is the goal of Service Member Debt Relief. Founder Richard Cook explains their mission, "This law firm was founded to assist military members and their families regain the financial footing they need. Military members and their families can run into severe financial difficulties. Unfortunately there are lenders who literally pray on them with high interest loans and credit cards. Because we are thankful for the service and sacrifice these brave individuals make on our behalf, our law group offers debt relief for service members with no money down options for bankruptcy protection."

Richard Cook elaborates, "As a bankruptcy attorney Jacksonville NC residents trust, I offer a free consultation to service members and their families. In total confidentiality, I will discuss their financial problems and how these issues can be worked out to the satisfaction of all parties. With a review of all available options, clients have a better understanding of how things can be handled and what the future can hold for them."

"Everyone needs to be aware of their legal options." Richard Cook continues, "Working as a bankruptcy lawyer Jacksonville NC law allows me to file either Chapter 7 or Chapter 13 bankruptcy protection for my clients. In a Chapter 7 bankruptcy, debtors are allowed to claim certain assets free from any claims from their creditors. Property that does not qualify for protective status, is allowed to be sold to repay a portion of their financial obligation to settle their debts. With a Chapter 13 bankruptcy, an individual who has a steady income is subject to a repayment plan that can take place over a period of between three to five years. Generally only part of the actual debts owed are repaid in this manner, however upon completion of these set payments any remaining debt is discharged by the court."

Richard Cook adds, "What bankruptcy protection offers our clients is peace of mind. Service members and their families can carry on with their lives without having to face repeated harassment from collection agencies. No debt collector can ever call, write or threaten them because of unpaid bills. Without ever having to pay a penny upfront, our service members obtain the full extend of legal bankruptcy protection so that they can make a fresh start."

About Service Member Debt Relief
Richard Cook is a Board Certified Specialist in Consumer Bankruptcy Law. As an attorney certified by the Bar Association of North Carolina, he represents clients in both Bankruptcy and State Court. The law firm of Service Member Debt Relief was established to allow current service members and their families a change to gain legal protection for their debts under the law. To serve their needs, Mr. Cook offers legal services available to these individuals on a "no money upfront" basis.