Bankruptcy Security Clearance
Standard Form 86 (SF86), a Questionnaire for National Security Positions, will ask questions about your finances when you apply for a job requiring national security clearance. The questions in Sections 27 and 28 are regarding your financial record and your financial delinquencies. The questions concern your past seven years and are not limited by your age.
To be prepared to answer questions on your application it is imperative to get reports from all three of the nationwide consumer credit reporting agencies, Equifax, Experian and Transunion, even if you believe you have completely satisfactory ratings. It is essential to know what is in all three of the reports before finishing this part of SF86. You are entitled to a free report from all three agencies every 12 months.
The reasons for asking about your financial history are that irresponsibility in this area can be signs of "poor self-control, lack of judgment, or unwillingness to abide by rules and regulations, all of which may reflect on a person's reliability, trustworthiness, and ability to protect classified information," the Applicable Adjudicative Guidelines state.
The guidelines continue, saying that someone who is in debt might have to resort to illegal means to get money. Compulsive gambling, for example, can lead to financial crimes that might include espionage. In addition, having a lot of money also raises suspicion if the sources of the income cannot be adequately explained.
Listing Bankruptcies
Sections 27 and 28 on your questionnaire are where you will have the opportunity to list and describe any bankruptcies you have had. It will be important to speak with a lawyer about the differences between a Chapter 7 and a Chapter 13 bankruptcy and how they relate to your applying for a national security position.
The financial section of your application for national security clearance is complex and understanding how to answer the questions and what information to include is important. If you have had problems with debts or bankruptcy you should call the Edmunds Law Firm for help. The firm is dedicated to serving people who are applying for national security and who have financial issues.
How We Can Help
Our experienced security clearance lawyers can help guide you through the extremely complicated application process. We can also help you if you've been denied a security clearance based on your financial history. To find out how we can help you, please contact us today.
Social Media
National Security Clearances
- National Security Clearances
- Government Security Clearances
- Military Security Clearances
- DoD Security Clearances
- FBI Security Clearances
- Obtaining a Security Clearance
- Security Clearance Attorney
- Security Clearance Denial
- SF86 Document Preparation
- Security Clearance Appeals
- Defense Office of Hearings and Appeals
- Written Response Help
- Investigation Preparation
- Polygraph Help
- Formal Hearing Help
- Frequently Asked Questions
- Bankruptcy and Security Clearances
- DUIs and Security Clearances
Recent Victories
On November 17, 2011, The Edmunds Law Firm received notification of a favorable security clearance determination. The Edmunds Law Firm prepared and submitted a written response to the National Security Agency on behalf of the Applicant. The firm was successful in mitigating the security concerns under Guideline J: Criminal Conduct, Guideline F: Financial Considerations and Guideline E: Personal Conduct, without the need for a hearing. The allegations against the Applicant pertained to $100,000 worth of stolen equipment from his former employer and failing to claim up to $10,000 worth of purchases on his state income taxes. The Edmunds Law Firm submitted a letter of appeal and supporting documentation to prove the Applicant had taken actions to rectify and mitigate those behaviors which resulted in the original denial decision. The firm prevailed and the Applicant was found eligible to maintain his security clearance.


