New Bankruptcy Laws Make It Hard to File
November 10th, 2008
Some people complain that the new bankruptcy laws are much harder to comply than the old laws. The new bankruptcy laws are there to encourage people to try to solve their debt problems before they resort to filing for bankruptcy protection.
Although the new laws do deter people from filing, the number of people who are filing for bankruptcy protection is still rising since the state of the economy is bad.
There are a lot of genuine people who cannot afford to do anything else but to file for bankruptcy even though they have been through all the counseling they could get their hands on.
Entry Filed under: Business
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