Bankruptcy Lawyer Dirty Secrets
The field of bankruptcy law has exploded in recent years, even though the process of filing for bankruptcy really only involves filling out a few forms. Misconceptions, frightening news articles, and misleading advertisements put out by many of the firms now specializing solely in bankruptcy law have convinced the average consumer that they absolutely must hire an expensive attorney in order to get rid of the money they owe. (read full article…)
Bankruptcy - The Facts
People suffering from debts and in financial difficulties can take recourse to bankruptcy. Each country has its own definition for bankruptcy. In US, the Bankruptcy Code offers protection to people who are bankrupt. (read full article…)
Bankruptcy Attorneys - What You’ll Need To Know About The New Law
Congress recently passed the most sweeping bankruptcy legislation in more than twenty five years. The Bankruptcy Abuse prevention and Consumer Protection Act was written to make it harder for most personal bankruptcy filers to have their debt swept away through a Chapter 7 filing. The new law will require that potential bankruptcy filers pass a ‘means test’ and most will not qualify for the Chapter 7 filing. (read full article…)
Bankruptcy Law Changes - The Bad
The purpose of the new legislation, which President Bush recently signed into law, is to eliminate the so-called ‘bankruptcy of convenience.’ Supporters of the bill allege that most personal bankruptcies are brought about by those with compulsive drug, gambling or shopping problems, and that such people simply don’t want to pay their bills. (read full article…)
Don’t Let The New Bankruptcy Law Scare You
On October 17, 2005 the world of bankruptcy law changed for the worse. Or did it? Is it really that much harder to file bankruptcy under the new bankruptcy law?
In the run up to the effective date of the new law, bankruptcy filings increased to record numbers in virtually every bankruptcy court district in the United States. Scary terms like “means test” and “bankruptcy credit counseling” seemed to drive people out of the wood work to beat the deadline. (read full article…)
Bankruptcy Means Testing Under The New Bankruptcy Law
The rush to file bankruptcy ahead of the new bankruptcy law is over. Now what? Did you miss the boat if you didn’t file bankruptcy before the new law went into effect?
Absolutely not. Although the new bankruptcy law has made it much more difficult to file bankruptcy, most attorneys are finding out that the new bankruptcy law is manageable and filings are on the rise. (read full article…)
Are You Thinking About Filing For Bankruptcy Protection?
Bankruptcy Overview
Bankruptcy, when you come right down to it, is the process that enables those who are unable to pay their debts get a fresh start.
It allows for some or all of these debts to be discharged or reorganized. Individuals or businesses may file bankruptcy. (read full article…)
6 Tips On Choosing A Bankruptcy Lawyer
When all else fails, when you have tried a debt consolidation company and they are not able to help, and when your financial state is too dire to solve, the only solution is to file bankruptcy. However, filing bankruptcy is not such an easy procedure. One of the main problems of filing bankruptcy is getting the right lawyer! (read full article…)
Bankruptcy And Debt - New Law May Hurt Katrina Victims
The world remains horrified at the tremendous destruction caused throughout the Gulf Coast recently by Hurricane Katrina. An unknown number of people are dead and thousands more are homeless, jobless and completely destitute. It may be months before the city of New Orleans is inhabitable again, and in the meantime, most residents of the city will have little or no income. (read full article…)
Tougher Bankruptcy Laws Take Effect October 2005
In just a few short weeks, President Bush’s Bankruptcy Abuse Prevention and Consumer Protection Act will take effect. In a nutshell, the new law, which goes into effect on October 17, 2005, makes it more difficult to cancel your debts under Chapter 7 Bankruptcy protection. Instead, consumers will find themselves having to file for Chapter 13 Bankruptcy protection and paying back their creditors over a five year period. (read full article…)