Last April, Congress passed the Bankruptcy Abuse and Consumer Protection Act, the most sweeping reform of our nation’s bankruptcy laws in more than twenty-five years. Proponents of the bill argue that most consumers who file for bankruptcy do so
A law that provides for the development of a plan that allows a debtor, who is unable to pay his creditors, to resolve his debts through the division of his assets among his creditors is called Bankruptcy. Certain bankruptcy proceedings allow a de
Filing for bankruptcy can cause both mental and emotional burdens to a person and as well as with the debtor’s credit history.After declaring economic failure, one can have a hard time re-applying for mortgages, loans, credit cards, life in
Bankruptcy would not be just an emotional and mental burden. The consequence of not paying debts will continue to exist long after filing. Congress has worked on legislations making it tougher or impossible for some people to file for bankruptcy.
There are creditors who are willing to offer credit in order to help people regain their financial status in life. They offer credit, loans and mortgages.In order to regain what was lost from bankruptcy, we need to have the following remin
The National Association of Consumer Bankruptcy Attorneys has recently reported on early statistics, which confirm the concerns espoused by opponents of much of the recent Bankruptcy “Reform.” The report provides the first analysis of the over 60,
Hiding behind all the glitz and glamour and what may seem like unusual celebreties are those who get bankrupt fairly frequently, though it's also the case that they come through it quite often as well.This could quite well be the reason beh
In 2005, over 20,000 people in the UK avoided bankruptcy and succeeded in clearing their debts. This article discusses how they were able to do so and why the 15,389 people who filed for bankruptcy at the beginning of this year should have checke
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