H.R. 2938—The Honoring American Veterans in Extreme Need (HAVEN) Act
The HAVEN Act was signed on August 23, 2019. The HAVEN Act extends the same protection for veterans disability payments that’s afforded Social Security disability payments: By law, debtors are now not allowed to count these benefits as disposable income subject to seizure during a bankruptcy. Under previous bankruptcy law, disability benefits paid by the Department of Veterans Affairs (VA) and Department of Defense (DoD) are included in the calculation of a debtor’s monthly disposable income, increasing the portion of the debtor’s income that is subject to the reach of creditors. This was one of the resolutions MNGEA sponsored at the State Conference and it went onto EANGUS and was passed on the floor and adopted by the National Association. Great to see our work come to reality! Read more on Military.com.