Do the new Bankruptcy Laws enacted in 2005 still allow me to declare Bankruptcy?
Absolutely! The new Bankruptcy laws changed some of the requirements for information that must be submitted by attorneys and creditors, but it absolutely still allows a person to declare Bankruptcy. Some of the new changes required by attorneys include the completion of a Means Test calculation and more income verification. Some of the changes required by debtors include a Pre-Petition and Post Petition Credit Counseling Certificate.
