Five Dollar Bill in Miliary Pants PocketMilitary life can be
disruptive. As a member of the military, you have the right to
use the personal bankruptcy process to gain a fresh start by
wiping out or repaying at least some of your debts. Before
deciding to file for bankruptcy, be sure to consider all of the
available options.  What Is Personal Bankruptcy?  There are two
ways to file for personal bankruptcy. If you have a lot of debt
and little income, Chapter 7 bankruptcy wipes out debts like
credit cards and medical bills, but you must give up many of
your belongings. If you have a steady income, like a military
paycheck, and your debts aren't too high, Chapter 13 bankruptcy
allows you to repay some of your debt. If you keep up the
monthly payments for three to five years, you should be able to
keep your belongings - including your car and house.  Why Do
Military Members File for Bankruptcy?  Military life can cause
money problems, especially when the member is deployed or can't
sell a house when it's time to