Does anyone know about the NEW Bankruptcy laws and how you file for it?


The answer is that you still need to contact an attorney, and you may or may not have to pay back some of the debt that you owe even if you file a chapter 7. Try to get a personal reorganization first (chapter 13), this will help protect your credit rating and give you better standing if this needs to be converted to a 7 later on. This is not to be construed as legal advice.

Published on 28 Oct 2009 in bankruptcy laws, by admin

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This entry was posted on Wednesday, October 28th, 2009 at 2:46 am and is filed under bankruptcy laws. Follow the comments through the RSS 2.0 feed. You can post a comment, or leave a trackback.

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  1. Walter G Said:

    The answer is that you still need to contact an attorney, and you may or may not have to pay back some of the debt that you owe even if you file a chapter 7. Try to get a personal reorganization first (chapter 13), this will help protect your credit rating and give you better standing if this needs to be converted to a 7 later on. This is not to be construed as legal advice.
    References :


    October 28th, 2009 at 7:58 am

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