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Introduction
Are you a veteran receiving sovereign disability compensation? If so, did you know that it's possible for your compensation to be taken away and given to a former spouse for child support payments? As shocking as it may seem, this is unfortunately the reality for some veterans. Losing your hard-earned benefits can have dire consequences on both your financial stability and overall well-being. In this blog post, we'll explore the ins-and-outs of how veteran sovereign disability compensation can be stripped away and what steps you can take to prevent it from happening. So sit back, relax, grab a cup of coffee, and let's dive into this important topic together.
What is veteran sovereign disability compensation?
Veteran Sovereign Disability Compensation is a financial benefit provided to veterans who have become disabled as a result of their service. This compensation can be awarded for both the many ways a soldier can suffer physical damage as well as mental health conditions, such as post-traumatic stress disorder (PTSD) or traumatic brain injury (TBI).
What sets this type of disability compensation apart from others is that it cannot be garnished by creditors or taken away in bankruptcy proceedings. It is considered "sovereign" because it falls under federal law rather than state law.
