Bad Credit, Security Clearance and Bankruptcy at Edwards Airforce Base
Having bad credit can cause your security clearance to go down. In some cases, this can put you in jeopardy of losing your job. As a bankruptcy attorney, I have represented over 20 individual debtors from Edwards Air force Base to protect the security clearance that is vital to their job and livelihood.
According to the US Air Force Academy website:
“The amount of your unpaid debts, by itself, may jeopardize your clearance, even if you don’t file bankruptcy. In that sense, not filing for bankruptcy may make you more of a security risk due to the size of your outstanding debts. By the same token, using a government-approved means of dealing with your debts may actually be viewed as an indication of financial responsibility. Eliminating your debts through bankruptcy may make you less of a security risk.”
Thus, if your debt and credit is affecting your security clearance at Edward Air Force Base or elsewhere, bankruptcy is an option to be considered.
2 comments
This is an interesting post. I have never had any clients that were concerned about military clearance…you learn something every day. I have had military clients concerned about the ramifications of their bankruptcy, have you found any problems with this?
I have had security clearance require the clients to file bankruptcy by a certain date. It seems as though high debt is a bigger issue than bankruptcy for security.
I tell people that are concerned to check with the powers that be. Never had a problem.