Bankruptcy laws are complicated. Thanks to new reforms that went into effect Oct. 17, 2005, the changes in the laws make it harder to qualify for bankruptcy and even exclude some people from filing Chapter 7. The laws require that a person filing for bankruptcy must get credit counseling from a government-approved credit counseling agency. The debtor must go to counseling within 180 days before filing for bankruptcy. There are some exceptions, such as the lack of qualified agencies to provide counseling and certain emergencies. The Bankruptcy Kit

click here for article

search for : , ,