Episode 211: Are VA Benefits Exempt From Bankruptcy?

Is VA disability compensation exempt from bankruptcy? In 2019, the HAVEN Act was signed into law, making VA benefits protected income during bankruptcy proceedings. Prior to the HAVEN Act – from 2005 to 2019 – the federal Bankruptcy Code commonly required veterans to give up their VA disability benefits to creditors to obtain bankruptcy relief. If you are filing for bankruptcy and dealing with bankruptcy proceedings today, your VA disability benefits are protected from bankruptcy under federal law. In this episode, we will discuss bankruptcy and the different types of VA benefits that are considered protected income. Be sure to tune in to this informative episode!