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Visit the Bankruptcy Action website for an explaination of the new bankruptcy reform and a guide to determine what is needed to qualify for a chapter 7 or 13. Please visit Bankruptcy Action Com for information concerning the new state and federal bankruptcy laws.

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โˆ™ 2009-09-23 15:16:38
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Q: What are the new bankruptcy laws?
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Related questions

When were the new bankruptcy laws introduced?

There are some new laws that deal with bankruptcy that were passed in 2005. The change the way that one has to go about declaring bankruptcy and how it should be solved.

Where can you find information about the new bankruptcy laws?

All new federal and applicable state bankruptcy laws can be found at

What are the new bankruptcy laws as of April?

For information concering new bankruptcy reform that became law on Oct.17,2005 please visit Bankruptcy Action at

How do the new bankruptcy laws affect bankruptcy lawyers?

The signature by an attorney on the bankruptcy petition is a certification that he or she has no knowledge, after a diligent inquiry, that the information on the schedules is incorrect.

What are the key differences in bankruptcy laws between Florida and California?

Bankruptcy laws are federal so there is probably no difference in bankruptcy laws between Florida and California.

If a vehicle was voluntarily surrendered and sold can collection on the difference be stopped with bankruptcy?

With new bankruptcy laws that is no longer possible. If the person files for bankruptcy and includes the vehicle they will have to pay the entire amount of the loan.

Are there any new bancruptcy laws?

The federal bankruptcy laws changed in October of 2005. I don't think there have been any changes since then.

What qualifies you to declare bankruptcy?

There are General Federal Laws that govern Bankruptcy. Each state may have additional laws regarding bankruptcy. So Is Best to consult an attorney or financial adviser in your state.

Where can you find information about corporate bankruptcy laws?

Does corporate bankruptcy affect personal credit?

In the US bankruptcy laws are regulated by what?

In the USA the bankruptcy law is regulated by the Federal governs.

Has the state of Michigan ever filed for bankruptcy?

No. No state has ever filed for bankruptcy. States are not coverd by current U.S. bankruptcy laws.

Does the constitution prohibit a state from declaring bankruptcy?

No, the only mention of bankruptcy is that Congress shall have the power to enforce uniform bankruptcy laws.

What are the Arizona bankruptcy laws?

The Arizona bankruptcy laws are too long and complex to include in this answer. One can find the complete information at the website for the US Courts Arizona District or at the site called Arizona Bankruptcy Law.

Where can one research business bankruptcy laws?

One can research business bankruptcy laws at sites like NYU and Georgetown University libraries that are online. They have a whole array of laws and cases to research.

Can my loans be discharged in bankruptcy?

Bankruptcy laws are complex. You will need to get correct answers from a competent attorney.

Who can make laws governing bankruptcy?

The Congress.

What is the definition of Chapter 11 bankruptcy?

Chapter 11 bankruptcy is actually a chapter in the United States Bankruptcy Code, it permits reorganization under the Bankruptcy laws of the United States.

Is bankruptcy easier for consumers now?

No, bankruptcy laws are getting more strict to stop people from abusing it.

Where can one find a list of bankruptcy laws?

Bankruptcy laws vary from country to country, state to state and province to province. In America the US Courts have details on bankruptcy law on their website under information regarding Federal Courts.

Where can someone find the chapter 13 bankruptcy laws?

There are a number of websites that cover chapter 13 bankruptcy laws. Some websites that you may want to visit include the US Courts, Total Bankruptcy and the court website of your state.

Where can one find a New York bankruptcy lawyer?

One can find a bankruptcy lawyer in New York via a number of legal websites. One can find listings on 'New York Bankruptcy Law', 'FindLaw' and 'New York Bankruptcy Help'.

When did new bankruptcy laws go into effect?

On October 17, 2005, new bankruptcy laws went into effect as a result of the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005. The old rules allowed most filers to choose between Chapter 7 or Chapter 13, and most chose Chapter 7 because it allowed for the complete elimination of debts without repayment . The new law prohibits filers with higher incomes from filing under Chapter 7.

What are the main changes in the new bankruptcy laws?

Some of the new changes in the new bankruptcy laws are that you have to be in over 20 thousand dollars in dept and must prove that you can not afford to pay for all of the bills that you are trying to bankrupt on. Once one goes bankrupt they can not do it again for at least 7 to 10 years and they will not be able to raise there credit fast. It will be very difficult to get any kind of credit.

Are car leases subject to bankruptcy laws?


What a bankruptcy laws regulating by?

The federal government and the state