Jun 2, 2010

Key Changes in Law Make Filing For Bankruptcy Much Harder!

The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 is a major reform of the bankruptcy system which has made it much harder for individuals and businesses to file Bankruptcy.

Key Changes in Bankruptcy Law Include:

• Mandatory Pre-Filing Counseling
• Eligibility Changes for Chapter 7 Filing
• Emphasis on Filing Chapter 13 Bankruptcy as opposed to Chapter 7
• Changes to "Automatic Stay" Protections
• Mandatory Post-Bankruptcy Counseling (Financial Management Course)

Bankruptcy Laws can be very complex and an experienced Bankruptcy Attorney can help you understand the steps needed to file Bankruptcy.

Contact Owen Dunn Law Today for help on understanding Bankruptcy Law and for help on filing a Bankruptcy Case.

Category: General

Posted by: admin

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