One Response to “What are the new bankruptcy laws?”
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November 21st, 2008 at 5:58 pm
Recently a new bankruptcy law was introduced and made drastic changes in the laws regarding the filing bankruptcy. This article will explain the major changes brought about by this law.
According to the new bankruptcy law, a person filing bankruptcy must undergo credit counseling with an agency authorized by the office of the Trustee of the United States. Once the bankruptcy case is over, filers must undergo another counseling session to learn personal financial management in more detail.