Talk to a New Orleans bankruptcy lawyer from Total Bankruptcy
Don't be afraid to talk to a New Orleans bankruptcy lawyer and learn about your options. Go to Total Bankruptcy for an understanding New Orleans bankruptcy lawyer who has the experience and skills to really help you in your time of financial distress.
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3650 Magazine Street New Orleans, LA 70115 Map | Directions | Case Evaluation |
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Total Bankruptcy is sponsored by some of America's experienced consumer bankruptcy attorneys and administered by Kevin Chern, one of the country's prolific consumer Chapter 7 and Chapter 13 attorneys.
Mr. Chern, formerly the Managing Partner of America's largest consumer debt consolidation law firm, works closely with every sponsoring New Orleans bankruptcy lawyer to help them provide their clients with excellent service. This cooperative effort uses state-of-the-art technology, excellent customer service and a broad consumer debt consolidation and liquidation knowledge base to help provide every client with a comforting experience during this extremely difficult and frightening time. With excellent service, convenient locations and flexible payment plans, a Louisiana bankruptcy lawyer of Total Bankruptcy should do all that it takes to help you make a fresh start.
Current bankruptcy law
Congress has passed bankruptcy laws that make sweeping changes to the current U.S. Code. Some of the significant provisions include:
A strict financial "Means Test". This is the centerpiece of the bill and may prohibit many debtors from filing under Chapter 7. Essentially, the "Means Test" provides that if your income is above a specified level (the median income of the state you are filing in), then you are not permitted to file your case under Chapter 7 and must instead use Chapter 13. Chapter 13 requires that the debtor enter into a repayment plan rather than simply liquidating their debts. Chapter 13 is frequently referred to as the "Wage Earner" chapter, although it is available to individuals with regular income from any source, not just wages.
A requirement that all debtors must receive a briefing from an approved credit counseling agency at least six months before they can file their case.
A requirement that debtors take an approved class on debt management techniques before they receive their discharge.
A provision making it easier for a court to dismiss a case outright or to convert a Chapter 7 case to a Chapter 13 case.
A provision permitting the court to impose sanctions for filing a Chapter 7 case that is dismissed or converted to a Chapter 13 case.
It is estimated by consumer advocates that from 30,000 to 210,000 people -- 3.5 percent to 20 percent of those who dissolve their debts in exchange for forfeiting some assets -- may be disqualified from doing so under the new law.
Call 1-877-349-1309 for the help you need today and tomorrow.
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The purpose of this web site is to help you learn everything you need to know about bankruptcy, the process, your bankruptcy attorney and your legal rights. The best place to start is with the U.S. Bankruptcy Code. It delivers protection to people in financial jeopardy who are suffering under mountains of debt. Bankruptcy is your legal right.