Submitted by Jen Jones on Wed, 10/21/2009 - 8:45am
The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 has made some people wary of even considering bankruptcy. This was undoubtedly the intention of the credit industry, who went to great lengths to make sure the "reform" passed. The passage of the law and subsequent misinformation from the credit industry lobby has led to a general perception that bankruptcy is now a difficult, if not impossible, undertaking. But for many people it may not be the legal changes that keep them from filing for bankruptcy--it may just be fear and misunderstanding.
Before you decide that the 2005 reforms makeÂ bankruptcy impossible for you, you should get a handle on the major changes in the law that affect bankruptcy filings. But hey, before you do even that,Â remember that there's no need to play the guessing game; many bankruptcy attorneys, including the Law Offices of John T. Orcutt, offer a free initial consultation to help you better understand the new bankruptcy laws. Here are some of the main changes that are likely to affect your situation as an individual filer:
These changes are not the only ones made by the law, which is why you definitely should consult with an experienced bankruptcy attorney before filing. As you can see, help is still available to those who need the protection of the bankruptcy laws.
If you're suffering with debt, don't even consider a debt consolidation scam. Bankruptcy offers real relief. Contact the Law Offices of John T. Orcutt to discuss your options. Call +1-919-646-2654 for a free initial debt consultations, or visit www.billsbills.com to fill out a free and confidential debt questionnaire.
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