IS THE NEW BANKRUPTCY LAW AFFECTING YOU?

There were many advocates and opposers of the new bankruptcy law, however after much deliberation the new bankruptcy law was put into effect. The changes made to the bankruptcy law have made it more difficult to file bankruptcy.  The new bankruptcy law has many provisions that must be met prior to filling bankruptcy and the reforms to the bankruptcy law also set up a means test to determine what type of debtors may qualify for a bankruptcy.  To find out if you will qualify based on the new bankruptcy law please click HERE for a list of median incomes.

 

The new bankruptcy law requires any debtor that wants to file to seek credit counseling before they can file with the court.  In some cases the bankruptcy law may even require a debtor to seek additional counseling on budgeting and debt management before they will be willing to hear their case.  The bankruptcy law also puts income restrictions on a Chapter 7 bankruptcy, which means many consumers who would have been able to file a liquidation bankruptcy will now, under the new bankruptcy law, be forced into a re-organization or Chapter 13 bankruptcy where they will be required to repay at least some of their debts.

Fortunately you do not have to deal with the hassles of the new bankruptcy law because there are other options.  Professional Debt Advisors can help you get out of debt and avoid having to deal with the hassles caused by the new bankruptcy law.  Simply fill out and submit the free consultation form to your right.

 

Our trained Financial Advisors will provide you a feasible debt resolution option so you can regain financial control.  Your consultation is completely FREE with no risk, or obligation whatsoever.  After you submit the Free Debt Consultation form, a Senior Financial Advisor will contact you by phone within one business day and will explain how we can help you avoid the hassles of the new bankruptcy law completely.  For an immediate consultation, call us toll-free at 866-559-3328.  Get help today.