Answer: That is a good question, with unfortunately no direct answer as it seems this has changed over the years.
Many moons ago, we were told that yes, if you were in the military service and went bankrupt, you could be discharged from military service. Then a few years back, we were informed this is a case by case basis and depending on a solider's position or assignment, they may be asked to resign. Then lately we were told it is not an issue, only for those with high security clearances.
So is it an issue, who knows except your commander or possibly your base's finance officer. I would suggest speaking to them.
I have heard that in some areas of the military they are weeding out some soilders who are not quite making the grade, so to speak. So it may be possible they use personal finances as an excuse as well.
I hope this has answered your question.
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