How have bankruptcy laws recently changed?
With a record number of bankruptcies in America on file, Congress has taken action to hold more people accountable for running up debts that they simply cannot pay. In general, the changes in the law may make it much harder for some people file bankruptcy, may make some people ineligible to file Chapter 7 bankruptcy at all, and may take more of your income to repay your debts in a Chapter 13 bankruptcy. Plus, you will now have to take some steps to address your debts before filing for bankruptcy, and you may have a harder time finding a bankruptcy lawyer to handle your case.
