In a word, no. I have spoken to, and represented, many New Jersey residents who are members of the military, TSA and other government agencies, and my answer has always been the same. In fact, federal law (under the Bankruptcy Code) prohibits this from happening.
Any branch of the military, government agency, or other “governmental unit” cannot revoke said clearance. If anything, filing bankruptcy will help, because you are less vulnerable. People in debt are often desperate for money and as such can be more susceptible to bribes or blackmail that could compromise security. Bankruptcy takes that away.
This question, unfortunately, raises one of many myths and fears that people have about bankruptcy that can prevent them from getting a fresh start.
If you live in South Jersey and are considering filing bankruptcy, call my office at 856-432-4113 or contact me through this site for a free consultation to discuss your case.
If you are looking for more information about bankruptcy, then download my free book,Top Questions People Ask About Filing Bankruptcy in New Jersey.
