What are the effects of the new bankruptcy law? Can I still wipe out my debts through bankruptcy?
Yes debts can still be eliminated under chapter 7 bankruptcy for individuals and businesses who qualify. You may still keep your assets and properties to the extent that they are exempt under the bankruptcy laws, and eliminate your debts for ever. Click here for information about Bankruptcy Reform Act of 2005 and qualification requirements for bankruptcy under the new law http://www.usdoj.
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