m long enough where creditors lost millions and millions of dollars and they finally had enough.

All of the Chapters of bankruptcy had some changes made to it. These days it is mandatory to attend credit counseling and it is mandatory to take a means test to determine if they’re eligible for filing a Chapter 7. If you have a steady job with steady income then they allow you to file a

The reason why the government won’t let you erase your debt anymore because they are frustrated at seeing 9 out of 10 people run up their credit and then try to duck out on the debt. The reason is that creditors issue a service to you by lending out tens of millions of dollars so you can get something on credit and then have the customer run up their bills. The creditors are losing ten of thousands of dollars just by people who choose not to pay their debts. There are people in this world that will do that and once they claimed bankruptcy under the old rules they were scot free and would get more credit and do it again.

That unfortunately takes away from the people who have legitimate problems such as medical expenses or a loss of income. Maybe a death of a spouse who was the bread winner was the reason why bankruptcy was claimed. These days it doesn’t matter, because of the way we are here in the United States the government felt the law had to change. Under the 2005 rule the victim of Hurricane Katrina would have been allowed to claim a full excuse bankruptcy but under the new rules they cannot. Because under the new laws their debts were prior to the Katrina, some where years before and they does not excuse people from paying their debts.

How fair has that become, the people who really need a break cannot get one because of the people who have no regard for others. How long did people think it would take the government after seeing thousands of bankruptcies from passing through the courts to say hey that is enough. It took them long enough where creditors lost millions and millions of dollars and they finally had enough.

All of the Chapters of bankruptcy had some changes made to it. These days it is mandatory to attend credit counseling and it is mandatory to take a means test to determine if they’re eligible for filing a Chapter 7. If you have a steady job with steady income then they allow you to file a

thousands of dollars just by people who choose not to pay their debts. There are people in this world that will do that and once they claimed bankruptcy under the old rules they were scot free and would get more credit and do it again.

That unfortunately takes away from the people who have legitimate problems such as medical expenses or a loss of income. Maybe a death of a spouse who was the bread winner was the reason why bankruptcy was claimed. These days it doesn’t matter, because of the way we are here in the United States the government felt the law had to change. Under the 2005 rule the victim of Hurricane Katrina would have been allowed to claim a full excuse bankruptcy but under the new rules they cannot. Because under the new laws their debts were prior to the Katrina, some where years before and they does not excuse people from paying their debts.

How fair has that become, the people who really need a break cannot get one because of the people who have no regard for others. How long did people think it would take the government after seeing thousands of bankruptcies from passing through the courts to say hey that is enough. It took them long enough where creditors lost millions and millions of dollars and they finally had enough.

All of the Chapters of bankruptcy had some changes made to it. These days it is mandatory to attend credit counseling and it is mandatory to take a means test to determine if they’re eligible for filing a Chapter 7. If you have a steady job with steady income then they allow you to file a

o was the bread winner was the reason why bankruptcy was claimed. These days it doesn’t matter, because of the way we are here in the United States the government felt the law had to change. Under the 2005 rule the victim of Hurricane Katrina would have been allowed to claim a full excuse bankruptcy but under the new rules they cannot. Because under the new laws their debts were prior to the Katrina, some where years before and they does not excuse people from paying their debts.

How fair has that become, the people who really need a break cannot get one because of the people who have no regard for others. How long did people think it would take the government after seeing thousands of bankruptcies from passing through the courts to say hey that is enough. It took them long enough where creditors lost millions and millions of dollars and they finally had enough.

All of the Chapters of bankruptcy had some changes made to it. These days it is mandatory to attend credit counseling and it is mandatory to take a means test to determine if they’re eligible for filing a Chapter 7. If you have a steady job with steady income then they allow you to file a

he Katrina, some where years before and they does not excuse people from paying their debts.

How fair has that become, the people who really need a break cannot get one because of the people who have no regard for others. How long did people think it would take the government after seeing thousands of bankruptcies from passing through the courts to say hey that is enough. It took them long enough where creditors lost millions and millions of dollars and they finally had enough.

All of the Chapters of bankruptcy had some changes made to it. These days it is mandatory to attend credit counseling and it is mandatory to take a means test to determine if they’re eligible for filing a Chapter 7. If you have a steady job with steady income then they allow you to file a

m long enough where creditors lost millions and millions of dollars and they finally had enough.

All of the Chapters of bankruptcy had some changes made to it. These days it is mandatory to attend credit counseling and it is mandatory to take a means test to determine if they’re eligible for filing a Chapter 7. If you have a steady job with steady income then they allow you to file a Chapter 13 but if not then you must liquidate your assets and if lo and behold you have no assets then you are out of luck because you need a job for Chapter 13 and then you need assets for Chapter 7 so it is a vicious cycle that may work for most people, but what about the people who don’t have anything or a job. Then their life just got harder.

Before the government makes bankruptcy obsolete let’s try to not to take anymore advantage of creditors. If you know you are falling into debt, contact the credit card company and tell them you need help and they may be able to freeze your account until you can work something about. Keep on top of your debt and keep on track with your payments.