Bankruptcy Vs. Government Debt Relief

Incorporated in the new amendments to 11 U.S.C. 109(h) (the Bankruptcy Code), all debtors are now required to participate, as condition of filing bankruptcy under Chapter 7 or 13, in new government debt relief option counseling and a thorough budget analysis program approved by terms provided in the Code. Federal government debt relief counseling must be completed during the 180 days before filing a petition. This requirement is new as of 2005. Prior editions of the Code placed no such restriction on individuals who filed before October 17, 2005.

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