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23rd September 2009
With the new bankruptcy law in effect as of October 17, 2005, there is a lot of confusion regarding the new "means test" requirement. The means test will be used by the courts to determine eligibility for Chapter 7 or Chapter 13 bankruptcy. The purpose of... Read >
Author: wbdoyle11th September 2009
Don’t let them fool you. All those solicitations you receive in the mail for credit card applications are meant to reel you in and hook you. Big time. In addition, new bankruptcy laws in the US and higher monthly minimum payment requirements are in plac... Read >
11th September 2009
Many people fail to read the fine print when applying for credit cards. Even after they are approved, many people also fail to carefully read their statements. This could lead to disaster, as many credit card companies put clauses in the contracts which a... Read >
11th September 2009
Filing for bankruptcy can be an excruciating moment. Individuals or firms have the option of filing for bankruptcy as a last option when their debts are out of control. Bankruptcy is filed when the debt is extremely high and the creditors are practically... Read >
Author: wbdoyle10th September 2009
After the new bankruptcy law went into effect in October of 2005, many people were under the impression that bankruptcy relief was no longer available or too hard to obtain. Nothing could be further from the truth.
Bankruptcy is great way for hard work... Read >
Author: Bass.Franklin02nd September 2009
Don�t let them victim you. All those solicitations you have in the post for assets lineup applications are meant to longways you in and temptation you. Big dimension. In constituent, new insolvency laws in the US and higher monthly minimum defrayment re... Read >
Author: Lukas Hofbauer28th August 2009
Ever since its enactment in 2005, the Bankruptcy Abuse Prevention & Consumer Act (BAPCPA) has been considered as the new bankruptcy law that states that individuals facing bankruptcy are expected to get credit counseling for their fiscal problems. The new... Read >
Author: domaingamer19th July 2009
According to the new bankruptcy laws, individuals with higher income can no longer qualify for Chapter 7 bankruptcy. These individuals will have to repay at least a portion of the debt under Chapter 13. The new laws require all debtors to go through debt ... Read >
Author: Jessie Stevens09th July 2009
You're wise to research Texas bankruptcy laws, which can help you decide which petition to file and what obligations you have in addition to filing bankruptcy forms. Generally, most Texans filing for Chapter 7 do so because they cannot pay more than the m... Read >
Author: MIKE SELVON06th June 2009
Filing for bankruptcy is a provision given to people with debt problems for a chance to make a fresh start. Recently, a new bankruptcy process has been introduced which makes filing for bankruptcy more difficult than it was in the past years. This was d... Read >
03rd June 2009
Whether or not to reaffirm a secured debt, under §521(2)(A) of the Bankruptcy Code, used to be a no-brainer. Because the act of reaffirmation did far more for the creditor than it did for the debtor, the advice most commonly – and properly – given b... Read >
Author: David Romito07th May 2009
Someone said that the only permanent thing in the world is change itself. For this reason, we do not expect anything to last forever as it is today. What more do we need to be told? With this fact on the table, isn't it true that we need to keep ourselves... Read >
Author: Peter Gitundu06th March 2009
Much has been written about the ‘abuse’ section of The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005. That section, 707(b), is the one that might well be referred to as the ‘teeth’ in that new bankruptcy law. Practitioners and ... Read >
Author: David Romito30th January 2009
Gain more knowledge regarding debt consolidation, cash loans, and information on bankruptcy. Reports of the end of bankruptcy as a debt relief option have been overstated. Debt can be paid and in some cases a business can still remain in operation. Normal... Read >
Author: Jennifer11th November 2008
It seems that every time you turn around, the bankruptcy laws are changing. The latest change in the laws governing bankruptcy has caused some confusion for people. The law that changed the way people file for bankruptcy happened back in 2005. The new ban... Read >
Author: Cary B31st October 2008
If you have reached a point in your life where your debt has piled up and you are considering filing bankruptcy, then odds are that life hasn’t been too pleasant for you lately. One of the worst issues you will have at this time is the harassment by cre... Read >
Author: DebP27th October 2008
Bankruptcy is a Federal Law, whereby the assets of an individual or an organization are handed over to a trustee so that the outstanding debts can be paid off. Bankruptcy is usually declared by debtor(s) when more money is required to be paid back than th... Read >
Author: Jason Holmes04th September 2008
It used to be that bankruptcy was a relatively easy process to go through. Before the new bankruptcy law came into effect, you could file for bankruptcy relatively easily. If you had too many debts, it didn't matter what your income was, for the most part... Read >
Author: Jon Arnold29th July 2008
Unfortunately, many American households are in the foreclosure process. Unbeknownst to most of these households, there are many options available them that they may not be aware of.
Probably the easiest way to save your home if you are in foreclosure... Read >
Author: Robert Palmer20th June 2008
Having worked under the old bankruptcy laws and the new bankruptcy laws, many of our clients that come into our office have many misconceptions and negative stereotypes about a Chapter 13 filing. Contrary to these beliefs, filing a Chapter 13 bankruptcy ... Read >
Author: Robert Palmer25th May 2008
Your credit report after a bankruptcy will look like a bomb was dropped on it. Your credit score report will be littered with all kinds of derogatory information. Depending on what type of bankruptcy you filed will determine how long it will take to re-es... Read >
Author: Mike Clover14th April 2008
The new bankruptcy law that has come into effect has a few major changes that state how bankruptcy will be treated by the government and by the people. So it would be wise for any individual who is thinking of filing for bankruptcy to be well-informed of ... Read >
Author: Miodrag Trajkovic01st April 2008
When President Bush and the Republican Congress changed the U.S. Bankruptcy Laws in October of 2005, there was much confusion in the legal community on how the new laws would change the existing bankruptcy laws as we knew them at that time. Now that we h... Read >
Author: Robert Palmer01st August 2007
If you think that you have nothing now, the new bankruptcy laws could even shrink that! The new bankruptcy law overhauls the laws that were modified in 1978. It not only tightens the requirements for those who want to file for bankruptcy but for their a... Read >
Author: Jon Arnold19th January 2007
To begin to understand the real depth of filing for personal bankruptcy, we have here an interview with an actual costumer of ours at Personal Bankruptcy, Jenny Smith and our professional counselor Martin Rogers. They are here to talk about a question th... Read >
Author: Martin Rogers16th October 2006
Your credit is one of the most important aspects in your financial history. Think of your credit rating as a report card of your financial doings. Every time you have a late payment on a debt, a negative mark will go against your credit report. Every time... Read >
Author: Tom Spelling28th September 2006
The new bankruptcy law is in effect, and the climate has drastically
changed for people who are considering bankruptcy. In this article we
will touch on some of the details of the new law, and explain exactly how
these new changes will affect you.
... Read >
Author: Liz Roberts08th September 2006
Updated to comply with new BAPCAP (advanced training for bankruptcy paralegals)
The following article is for training purposes only. It is not intended for legal advice.
Regardless of whether an entire petition or a skeleton petition is filed, the... Read >
Author: Victoria Ring07th September 2006
With the new bankruptcy laws in effect, debtors have to first pass a two-part means test before filing for Chapter 7 bankruptcy. First, a quick definition of Means Test:
Means = Money, property, or other wealth (source: Dictionary.com)
Your Income... Read >
Author: Jeffery J. Aleman01st September 2006
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... Read >
Author: Tommy C. Smith III, Esq31st August 2006
1. The "new" bankruptcy law that went into affect in October, 2005 isn't very much more restrictive than the "old" law.
The law revision got a lot of press that made it sound like it would be much more difficultperhaps impossibleto file for bankrupt... Read >
Author: Tiffany Sanders31st August 2006
If debt seems to be on your mind quite often in recent months, there's a high probability that you've looked into your options and found that debt settlement is growing in popularity as an alternative to bankruptcy. This is especially true since the new b... Read >
Author: Susan Megge15th August 2006
Although the tide of bankruptcies receded after the new bankruptcy law went into effect on October 17, 2005, a swelling volume of new personal bankruptcy filings are starting to flow into the court systems. With consumer credit card debt now over $820 bil... Read >
Author: John Janney07th August 2006
After much drama, with huge amounts of last minute bankruptcies, we are now under the new bankruptcy law that went into effect, October 2005. The theory of the new law is that there were too many frivolous bankruptcies, which were reaching the level... Read >
Author: Howard Giske07th August 2006
In the largest bankruptcy ever to hit the U.S. Auto sector, Delphi, an auto parts manufacturer, declared bankruptcy in Oct 2005, just before the change to the new bankruptcy law. Delphi had been spun off as a new company by GM only six years before. ... Read >
Author: Howard Giske26th June 2006
With the new bankruptcy law in effect as of October 17, 2005, there is a lot of confusion regarding the new "means test" requirement. The means test will be used by the courts to determine eligibility for Chapter 7 or Chapter 13 bankruptcy. The purpose of... Read >
Author: Charles J. Phelan09th December 2005
Debt settlement has become a popular approach to resolving problem debts without having to file bankruptcy. With this approach, creditors agree to accept a portion of what you owe (usually around 50% or less) to settle the account, and the remaining balan... Read >
Author: Charles Phelan22nd November 2005
With the new bankruptcy law in effect as of October 17, 2005, there is a lot of confusion with regard to the new "means test" requirement. The means test will be used by the courts to determine eligibility for Chapter 7 or Chapter 13 bankruptcy. The purpo... Read >
Author: Charles Phelan09th November 2005
Copyright 2005 Dean Shainin
Before you file bankruptcy, it is a good idea to look into other alternatives if at all possible. New bankruptcy laws make it more difficult to file than it used to be.
Why Has Filing For Bankruptcy Doubled?
From the p... Read >
Author: Dean Shainin20th September 2005
After October 17, 2005, a lot of people are going to become interested in debt settlement as an alternative to bankruptcy. That's the date the new bankruptcy law goes into effect, and it means a rude awakening for many consumers seeking a fresh start in b... Read >
Author: Charles Phelan
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