Changes in the Bankruptcy Law - LegalHelpForum.com

chris1203 · 11-07-2009, 11:47 AM

I know that bankruptcy laws have changed but I don't know the extent of these changes. How, exactly, have the bankruptcy laws been changed?

heretoday · 11-08-2009, 03:00 PM

I also heard that the laws had changed, and that now credit card debt was much harder to discharge, that the courts are more inclined to make you pay off your CC debt than before.

YB · 11-08-2009, 08:18 PM

There have been some new Bankruptcy rules that took effect in 2005. For a Chapter 7 bankruptcy, you are now required to take a credit counseling course before you file for bankruptcy and then another course after you file. These courses are relatively cheap and easy and can be completed online. Filing under chapter 7 has become somewhat more difficult because you must satisfy a means test. If your income is below a certain amount, you will be eligible to file. The amount is determined based on your state and the number of people in your household. Also another setback for individuals is that as a result of the new rules, lawyers will be more expensive. The new rules impose obligations on attorneys where the attorneys are required to personally vouch for the accuracy of the financials of their clients. This in turn present more work for the attorneys and they have to raise their prices accordingly.

chris1203 · 11-10-2009, 10:31 PM

Thank you for your response, YB. For some reason, I did not think that Chapter 7s were allowed anymore.

juliawells · 03-24-2010, 12:06 AM

These courses are relatively cheap and easy and can be completed online. Filing under chapter 7 has become somewhat more difficult because you must satisfy a means test. If your income is below a certain amount, you will be eligible to file.

bankruptcy attorney San Diego

fridadesai · 04-08-2010, 11:59 PM

If your income is below a certain amount, you will be eligible to file. The amount is determined based on your state and the number of people in your household. Also another setback for individuals is that as a result of the new rules, lawyers will be more expensive. The new rules impose obligations on attorneys where the attorneys are required to personally vouch for the accuracy of the financials of their clients. This in turn present more work for the attorneys and they have to raise their prices accordingly.

Best Attorney

11-07-2009, 11:47 AM	#1 (permalink)
chris1203 Junior Member Join Date: Nov 2009 Posts: 19	Changes in the Bankruptcy Law I know that bankruptcy laws have changed but I don't know the extent of these changes. How, exactly, have the bankruptcy laws been changed?

11-08-2009, 08:18 PM	#3 (permalink)
YB Administrator Join Date: Sep 2009 Posts: 25	There have been some new Bankruptcy rules that took effect in 2005. For a Chapter 7 bankruptcy, you are now required to take a credit counseling course before you file for bankruptcy and then another course after you file. These courses are relatively cheap and easy and can be completed online. Filing under chapter 7 has become somewhat more difficult because you must satisfy a means test. If your income is below a certain amount, you will be eligible to file. The amount is determined based on your state and the number of people in your household. Also another setback for individuals is that as a result of the new rules, lawyers will be more expensive. The new rules impose obligations on attorneys where the attorneys are required to personally vouch for the accuracy of the financials of their clients. This in turn present more work for the attorneys and they have to raise their prices accordingly. Legal Help Forum I am not an attorney and this is not legal advice.

03-24-2010, 12:06 AM	#5 (permalink)
juliawells Junior Member Join Date: Mar 2010 Posts: 1	hiiiiii These courses are relatively cheap and easy and can be completed online. Filing under chapter 7 has become somewhat more difficult because you must satisfy a means test. If your income is below a certain amount, you will be eligible to file. bankruptcy attorney San Diego

04-08-2010, 11:59 PM	#6 (permalink)
fridadesai Junior Member Join Date: Apr 2010 Posts: 2	hiii If your income is below a certain amount, you will be eligible to file. The amount is determined based on your state and the number of people in your household. Also another setback for individuals is that as a result of the new rules, lawyers will be more expensive. The new rules impose obligations on attorneys where the attorneys are required to personally vouch for the accuracy of the financials of their clients. This in turn present more work for the attorneys and they have to raise their prices accordingly. Best Attorney

Thread Tools
Show Printable Version Email this Page
Display Modes
Linear Mode Switch to Hybrid Mode Switch to Threaded Mode

11-08-2009, 03:00 PM	#2 (permalink)
heretoday Junior Member Join Date: Nov 2009 Posts: 18	I also heard that the laws had changed, and that now credit card debt was much harder to discharge, that the courts are more inclined to make you pay off your CC debt than before.

11-10-2009, 10:31 PM	#4 (permalink)
chris1203 Junior Member Join Date: Nov 2009 Posts: 19	Thank you for your response, YB. For some reason, I did not think that Chapter 7s were allowed anymore.

User Name		Remember Me?
Password