Read up on recent legislative updates about bankruptcy law.
No current news at this time.
Thinking about filing bankruptcy? Ask a sponsoring bankruptcy lawyer today (for free and with no obligation) if filing bankruptcy could help get you out of debt.
Bankruptcy laws had their last major revision in 2005 with the Bankruptcy Abuse Prevention and Consumer Protection Act (BAPCPA). Since then, some changes to the bankruptcy code have been proposed in Congress, such as changes to how mortgages and student loans are treated in bankruptcy court. However, no major legislation has been passed.
There are state-specific components to the bankruptcy process, such as exemptions to liquidation in Chapter 7 bankruptcy. Before filing bankruptcy, be sure to check to make sure you are familiar with the most up-to-date state statutes that will affect your case.