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On July 1, 1960, control of the Military Personnel Records Center was transferred to the General Services Administration. The three active-duty military records centers at MPRC—the Air Force Records Center, the Naval Records Management Center, and the Army Records Center—were consolidated into a single civil service-operated records center.
Chapter 7 bankruptcy. Leslie Tayne, attorney and founder of Tayne Law Group in Melville, New York, says you’re eligible for a mortgage a few years after a Chapter 7 discharge of debt.
In the United States military, discharge by purchase was introduced in 1890 for the Army, [2] 1902 for the Marine Corps, [3] and 1906 for the Navy. [4] This practice was abolished in 1953. [5] In the Irish Defence Forces, discharge by purchase is permitted under the Defence Act 1954. [6] Typically, discharge by purchase is suspended during wartime.
The disadvantage of filing for personal bankruptcy is that, under the Fair Credit Reporting Act, a record of this stays on the individual's credit report for up to 7 years (up to 10 years for Chapter 7); [5] still, it is possible to obtain new debt or credit (cards, auto, or consumer loans) after only 12–24 months, and a new FHA mortgage loan just 25 months after discharge, and Fannie Mae ...
The funding fee ranges from 1.25 percent to 3.3 percent of the loan amount and applies whether you’re buying a home or refinancing (with some exceptions). VA loan eligibility
That being said, it can be discharged through a Chapter 7 bankruptcy. Under Chapter 13 bankruptcy cases, a portion of medical debt may be included in your repayment plan.
In the United States, every service member who is discharged or released from active duty is issued a DD Form 214 and a military discharge certificate (denoting the discharge type). A reservist who is called to active duty is given a DD 214 when he or she is deactivated and returned to the reserves.
To get debts discharged through Chapter 13, you must wait four years after filing a Chapter 7 bankruptcy. You can file for Chapter 13 before four years if no debts were discharged in the Chapter 7 ...