http://www.debtreliefcompanies.net/whats-the-effect-of-the-new-bankruptcy-laws/ Wed, 01 Feb 2012 18:14:21 +0000 hourly 1 http://wordpress.org/?v=3.3.1 http://www.debtreliefcompanies.net/whats-the-effect-of-the-new-bankruptcy-laws/comment-page-1/#comment-29 Filing Bankruptcy- Your Options and the Debt Solution Alternatives Fri, 16 Mar 2007 01:01:20 +0000 http://www.debtreliefcompanies.net/whats-the-effect-of-the-new-bankruptcy-laws/#comment-29 [...] Now the new laws force most people into chapter 13 bankruptcy, which is more like a debt management program that allows you to keep you home and cars assuming you can make those payments but it puts you on a strict budget forcing you to repay your debts in up to a 5 year court ordered program. Each state has minimum income requirements that, if you exceed and you have at least $100 in discretionary monthly income, will result in the court system forcing you into the chapter 13 vs. a chapter 7. [...] [...] Now the new laws force most people into chapter 13 bankruptcy, which is more like a debt management program that allows you to keep you home and cars assuming you can make those payments but it puts you on a strict budget forcing you to repay your debts in up to a 5 year court ordered program. Each state has minimum income requirements that, if you exceed and you have at least $100 in discretionary monthly income, will result in the court system forcing you into the chapter 13 vs. a chapter 7. [...]

]]> http://www.debtreliefcompanies.net/whats-the-effect-of-the-new-bankruptcy-laws/comment-page-1/#comment-12 Debt Relief Companies » Blog Archive » When Should You Consider Bankruptcy? Sun, 18 Feb 2007 18:21:29 +0000 http://www.debtreliefcompanies.net/whats-the-effect-of-the-new-bankruptcy-laws/#comment-12 [...] As discussed, filing bankruptcy is no longer as simple as it once was. However, to some people in very bad financial situations, it can really be the only option. [...] [...] As discussed, filing bankruptcy is no longer as simple as it once was. However, to some people in very bad financial situations, it can really be the only option. [...]

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