New Bankruptcy Law Affects Your Right To File Bankruptcy

The powerful credit card lobby has succeeded in pushing Congress to make it harder for consumers with real financial problems to file for bankruptcy.

In 2005, Congress passed and President Bush signed a creditor-backed bill to limit consumer protection provided by bankruptcy.

  • Imposes a strict and complicated Means Test that may restrict your ability to qualify for bankruptcy protection.
  • Requires you to get a certification from a debt counselor that you made efforts to reduce your debt outside of bankruptcy.
  • Increases the work and cost associated with obtaining a bankruptcy discharge.

If you are considering filing bankruptcy, you can speak with a local bankruptcy attorney about how the new bankruptcy law may affect your ability to file.

To find out more about this pending bankruptcy legislation or to talk to a sponsoring bankruptcy attorney about your bankruptcy options, please don't hesitate to call us toll free at 877-349-1309, or use the below free online case evaluation form to connect with a bankruptcy lawyer today.

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