Assistance Claiming Bankruptcy Under New Laws

A decision in favor of claiming bankruptcy is a large step for anyone, and especially difficult for parents. New laws significantly changed the process for filing bankruptcy, and complete discharge of debts now requires, for almost all employed persons, a greater commitment and partial repayment of debts over time. Nevertheless, with so many options and alternatives available under the Code, including conversion to Chapter 7 if becoming unemployed, most families and individuals who consider claiming bankruptcy will find a highly effective, profitable path for eliminating debts and regaining a solid financial future. Under the new bankruptcy laws, unemployment may actually be an advantage.