10
Dec
2008
The New And Effective Bankruptcy Law
Starting Spring 2005, the new bankruptcy law went inside effect. The new law was intended to make the process of bankruptcy too many difficult. Two steps r added. One step requires a person filing bankruptcy to attend an approved Credit Counseling Course within six months before the debtor completes the filing process. The course is set up through a bankruptcy attorney.
The second added step says the debtor must attend and complete an approved Financial Management Course before the debt discharge can proceed. The attorney can also set up that appointment. Inside many states the courses can even become taken on the Web.
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