Comments on: How have the U.S. bankruptcy laws changed since 2004? http://www.bankruptcy-help-resources.com/how-have-the-us-bankruptcy-laws-changed-since-2004/ Quick Answers to Bankruptcy Questions & Understand How Bankruptcy Laws Affect You Thu, 03 Dec 2009 17:06:21 +0000 hourly 1 http://wordpress.org/?v=3.1 By: Rush is a band http://www.bankruptcy-help-resources.com/how-have-the-us-bankruptcy-laws-changed-since-2004/#comment-182 Rush is a band Fri, 03 Apr 2009 04:07:20 +0000 http://www.bankruptcy-help-resources.com/how-have-the-us-bankruptcy-laws-changed-since-2004/#comment-182 Yes, bankruptcy laws have changed since 2004. The changes were pushed hard by credit card issuers. The changes help them immensely. There is now something called a means test. This means test pushes more people into re-payment plans and allows many fewer people to do a total liquidation. It helps creditors because many people now go onto payment plans and they actually get some money from those people. The person filing does not get help from these changes. If you are truly in trouble and fail the means test, you can still do a full liquidation, but if you can repay something, you are going to be put in a repayment plan. good luck! Yes, bankruptcy laws have changed since 2004.

The changes were pushed hard by credit card issuers. The changes help them immensely. There is now something called a means test. This means test pushes more people into re-payment plans and allows many fewer people to do a total liquidation. It helps creditors because many people now go onto payment plans and they actually get some money from those people.

The person filing does not get help from these changes. If you are truly in trouble and fail the means test, you can still do a full liquidation, but if you can repay something, you are going to be put in a repayment plan.

good luck!

]]> By: VaTreasures http://www.bankruptcy-help-resources.com/how-have-the-us-bankruptcy-laws-changed-since-2004/#comment-181 VaTreasures Thu, 02 Apr 2009 20:34:07 +0000 http://www.bankruptcy-help-resources.com/how-have-the-us-bankruptcy-laws-changed-since-2004/#comment-181 The bankruptcy laws have gotten more restrictive. Everyone must go through counseling and for many only chapter 11 is allowed, if they can pay back some of the debt. The changes almost entirely provide benefit to the creditors. The bankruptcy laws have gotten more restrictive. Everyone must go through counseling and for many only chapter 11 is allowed, if they can pay back some of the debt. The changes almost entirely provide benefit to the creditors.

]]> By: Rithy http://www.bankruptcy-help-resources.com/how-have-the-us-bankruptcy-laws-changed-since-2004/#comment-180 Rithy Mon, 30 Mar 2009 13:13:05 +0000 http://www.bankruptcy-help-resources.com/how-have-the-us-bankruptcy-laws-changed-since-2004/#comment-180 In 2005, laws were set to make it harder for individuals to file and win a bankruptcy case, and has caused the process to take longer. Filers are not helped by these changes. In 2005, laws were set to make it harder for individuals to file and win a bankruptcy case, and has caused the process to take longer.

Filers are not helped by these changes.

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