New Bankruptcy Laws

Orlando Chapter 7 and Chapter 13 Bankruptcy Lawyers

In 2005, the federal government passed a number of new bankruptcy laws that continue to cause considerable confusion to this day. Much of the information that came from the media and other sources led people to believe that if they didn’t file before the new laws took effect, they would lose their ability to ever apply at all.

The truth is that the new laws did very little to change any given person’s ability to seek debt relief through bankruptcy. All they really did was to add a few steps to the process. If you are having trouble paying your bills and you need some honest answers about whether you are eligible to file for bankruptcy, you would do well to seek the advice of a reputable attorney.

The Truth About the Changes to the Bankruptcy Laws

At the Price Law Firm, we dedicate our entire practice to consumer debt and credit problems, including bankruptcy. We represent clients throughout central Florida in all aspects of Chapter 7 and Chapter 13 cases. You can count on us to give you straight answers to your questions and to treat you with respect at all times.

Below is a short synopsis of the major changes the new bankruptcy laws created:

Credit Counseling: With the new laws, every person who is considering bankruptcy is required to take a credit counseling course from an accredited provider prior to filing. The course helps you to understand if bankruptcy is the best way for you to deal with your debt. You can take this course on-line or over the phone.

Means Test: The means test is the only portion of the new law that could potentially keep a person from filing  bankruptcy that the old law did not. A means test shows how your income level and disposable income compares with other people in your state. If it is too high, you may not be able to file for Chapter 7 bankruptcy. But you still may be eligible to file for Chapter 13. Many attorneys do not properly apply the means test. Therefore, please talk to us, even if another attorney has told you that you don’t pass. We may be able to help you.

Personal financial management class: Before you receive your final discharge of debt at the end of your bankruptcy, you will need to complete this class. It is intended to help you get a good start now that you are getting a new start with no excessive debt to hold you back. Again, you can take this course on-line or over the phone.

To learn more about your bankruptcy options, contact the Price Law Firm. We are conveniently located in Altamonte Springs in the Orlando-Kissimmee metro area. To schedule a free consultation with an attorney, call 407-834-0090.

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.

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