What Are the Changes in the Chapter 7 Bankruptcy Laws?
Bankruptcy has long been a legitimate option for those who find themselves completely
overwhelmed by their debt.
While it is a serious step and should not be taken lightly, filing for
bankruptcy is...
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What Are the Changes in the Chapter 7 Bankruptcy Laws?
Bankruptcy has long been a legitimate option for those who find themselves completely
overwhelmed by their debt.
While it is a serious step and should not be taken lightly, filing for
bankruptcy is certainly a possibility for many people.
It does have long-term financial
consequences, but it can also provide a much needed fresh start for many people.
Many people today assume that bankruptcy has been eliminated as an option for a large
percentage of Americans due to the recent bankruptcy reform law.
Though there certainly have
been changes, only a small percentage of Americans who could ve filed a few years ago are no
longer eligible under the new law.
So what are the changes in the chapter 7 bankruptcy laws?
The recent changes in the bankruptcy code put several more obstacles in the way of
consumers, but in the end chances are you ll still qualify for bankruptcy.
Chapter seven bankruptcy, by the way, is designed to discharge
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