How Will The New Bankruptcy Laws Affect Me?

The new bankruptcy laws affect all bankruptcies filed, but recent studies show that approximately 80% of past filers would still qualify to file under the new bankruptcy laws and would be eligible to eliminate substantially the same debts as before. The major changes include the addition of an income-based means test, and credit counseling, and debtor education requirements. The new law also includes tougher rules for lawyers.

Bankruptcy Laws in your state.