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Daily Archive September 22nd, 2008

New Bankruptcy Law - How Filers Will Be Affected

The new bankruptcy law, officially known as The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005, is aimed at making it more difficult for debtors to file for bankruptcy under chapter 7.
Prior to the new law, which took effect on October 17, 2005, potential filers could walk away from their debts after giving up […]

Using an Individual Voluntary Arrangement (IVA)

It is no secret that more and more consumers are finding themselves having trouble with debt, and that many of them will end up being unable to pay their bills. Rates of debt have been rising for a number of years now, and with wages not keeping pace with expenses in many places around […]