Debt Collection Process

Is there a grandfather clause under the new bankruptcy law? I filed in 2000. Do I have to wait 8 years, or because I filed prior to the new law...am I grandfathered at the previous 6 years?

How different is the new bankruptcy law from the old? I am considering filing bankruptcy due to the fact that in the last year i have willing foreclosed on my home and now it looks as though I am going to have to do the same with one of my cars, and I am just wondering if it wouldn't be better to file bankruptcy since my credit can't get any worse than what it already is, and that way I could have a chance at starting over fresh.

What is this new bankruptcy law in Maryland? I was told that in order to file chapter 7 bankruptcy in Maryland, you have to prove you can't pay the debt. What proof is needed to show this?

michigan has a new bankruptcy law excluding credit cards from being charged off, is that true? ive been told that there are new laws, but im unable to find them. im trying to prove somebody wrong that they can file a bankruptcy and include all of his credit card debt. so you can include a house or car or boat but not a credit card? is this true?

Who has filed bankruptcy since the new law (10/05) took affect? Has anyone filed bankruptcy since October 2005 (under the new bankruptcy law) and would be willing to share their story?

Is there any way to file bankruptcy and have all your debt wiped out under the new bankruptcy law ? If the answer is yes, what are the legal, economic, employment, etc . conditions to do so ?

Do the new bankruptcy laws require you to pay debts back? I've heard that new law requires you to pay your debts back, and you're not resolved of the debts are included in your bankruptcy. Is that true?

Under the new bankruptcy law......How long is the waiting period before you can file chapter 7 again?

What's the difference from the old and new bankruptcy law?

new bankruptcy.? can someone walk me through the steps of this new bankruptcy law. Also does anyone know of any alternatives? Im in real bad shape though. CC, med bills, IRS, State, Private school tuition, two vehicle payments, .... I went from making 6 figures to the medium 5 figures. Not on the street poor but definately cant maintain this lifestyle anymore.

What are the bankruptcy exemptions, in Indiana, under the NEW law? Is there a webpage that compares Indiana's OLD bankruptcy exemptions vs. the NEW bankruptcy exemptions?

does anyone know about the new bankruptcy law and what the average cost of filing?

What are your views on the new Bankruptcy Law?

New Bankruptcy Law Question.? filed bankrupsy back on 9/21/00. I need to file agian. When i did this then of course I nver thought i would be doing it agian, but anyway i was told then that I had to wait 6 years. Now my question is....if I did this 5 years before this new law passed then can I file it agian, and then the new new law applies or do i have to wait 8 years even though it was before the new law passed. This was a chapter 7. NOW another question...... If I cant do the chapter 7, will i be able to do chapter 13???

Has anyone had to file bankruptcy since the new law went into effect? I live in NY....and have had some unfortunate financial difficulties, and very well may have to file. I've looked into the debt settlement companies, but the monthly payments are not what I can work with. With the new law...can I reaffirm with my auto loan, and keep my house? Any advise given from previous experience will be greatly appreciated.

does anybody know the differences between the old and new bankruptcy laws? Ideally what was the law before,and what does it now state. Or any additions to it. Thanks for your help!

new bankruptcy law have made credit cards the new mafia they now charge for just having one in your pocket?

Is anyone in Congress ashamed of what they've done with the new bankruptcy law?

What are the biggest differences now when filing personal Bankruptcy after the new law changes?

Can anyone give me the basics of this new bankruptcy law? I feel I'm drowning in debt and want to get my head above water. I went through a bad situation recently that caused me to get behind on credit cards and also to have to take out more credit just to survive... I've always been faithful and diligent about paying my bills and would hate to file bankruptcy but I don't see another option.... just wonder if any of you out there know what the new criteria is on filing.... Thanks how do I find out what the median income is in my area to see if I qualify to file Current income is around 40,000 annually and really i have about 16,000 in debt with just credit cards. I have some medical bills that are around 6000. I have a 2nd mortgage around 30,000 that I DONT want to file on. I also have four children and my bills each month take most of my income.

new bankruptcy law in pa? first off i am asking this question for a friend becasue she doesnt have a computer. my friend and her husban filed bankruptcy 2 years ago and now have gotten themselves into such a jam they are even deeper in debt rthan when they filed chapter 7 the first time they wanted to know if they could still file chapter 13 and get out and never use credit cards again

New bankruptcy law question? My husband just got a judgement against his former lawyer for $20,000, the amount he'd paid her when she supposedly represented him, because she didn't do anything she was supposed to in his child custody case, basically cost him his daughter, "forgot" to file motions, lost his paperwork, etc. He was awarded this in an arbitration from the Calif state bar a YEAR ago but she never paid a cent so it just got turned into a Judgement finally this week. Problem is another attorney who knows this Loser attorney says she's about to file for bankruptcy. Someone told us that she can't put things that have occurred in the last 6 months on her bankruptcy - is this true??? Once she files I'm afraid we'll never get a cent.

New Bankruptcy Laws and Salary limits? I am planning on filing Chapter 7 bankruptcy due to a failed business and a foreclosure on investment property. Total debt is 190K and my total household income for a family of 3 is also 190K. I am wondering if I am have too much income per the new bankruptcy laws. I would like to avoid chap 7 but I can not afford this additional debt. Please keep in mind the 190K is the debt for the failed business expenses. This does not include my actual debt which includes my current home, auto, living expenses, etc

New Bankruptcy Law and Residency?

Please tell me the web site I can go to to read the entire updated text of the new Bankruptcy laws.? Please tell me the web site I can go to to read the entire updated text of the new Bankruptcy laws, for free.

Need some info on new bankruptcy laws? I've heard that with the new laws that you have to pay debt back with adjusted payments, also what's the difference between chapter 7 and 13? I've always had great credit but recently ran into some issues and trying to find out what all my options are. Any advice, info would be appreciated, I really don't want to go this route but I'd like to be informed. Thanks

Bankruptcy question: Can you claim doctor/hospital bills under the new bankruptcy laws? Also, If you found this info on a website could you post the website.....Thanks

Under the new bankruptcy laws can you file say in the state of Ohio and move to say Florida for a new job ? Are you stuck in the state you file or does it vary by state . If you get a job in another state during the process , can you move or not ?

What can I expect if I file for bankruptcy since the new law went into effect?

has there been a new law passed for bankruptcy judges to be able to lower payments on Chapter 13?

With the new bankruptcy laws, can a couple file it n still keep their house n car n other bills? My wife n I are on disability. Our house is worth $64,000 n we owe $61,350 on it.

I understand that under the new bankruptcy laws, you cannot file on credit cards, is this correct? My husband was laid off & we cannot pay our bills and are looking at all options. We owe on our house, car and the rest is credit cards.

with the new bankruptcy laws how long do i have to wait from a previous bankruptcy? i filed chapter 7 in 2000 with my ex-husband, i am now in a horrible financial bind and need to file again, january 2007 will be 6 years, does anyone know how long you have to wait to file again?

What are the new bankruptcy laws? How has it changed and what are the new requirements to qualify?

what are the new bankruptcy laws? does anyone know how often you can claim bankruptcy?is it 7 or 10years?also what has changed in the new bankruptcy laws?

Please share your bankruptcy stories after the new law pasted in 2005.? I'm going to be filing soon and would like some info. Was it worth it? How soon after were you able to rent or buy a house or a car?

DOES ANYONE KNOW EXACTLY HOW THE NEW BANKRUPTCY LAWS WORK? IF SOMEONE FILED A CHAPTER 7 IN 2004 AND THE NEW LAW WENT INTO EFFECT IN 2005 DO THEY STILL HAVE TO ABIDE BY THE 8 YEAR WAITING PERIOD TO FILE ANOTHER CHAPTER 7

What are the new bankruptcy laws in California? How much do you have to pay back and how long do they give u?

when does the new law start for filing for bankruptcy that forces you to pay.?

if your income declines can you still keep your house and vehicle if you file bankruptcy with the new tax law? 2 almost 3 months behind on house payment and 2 months on credit cards, current on $18,000 vehicle, owe $70000.00 on a 120,000.00 house 1st lien is 45,000 and 2nd is 25,000

What are the new bankruptcy laws, and how will they effect someone who makes 60 grand a year ?

After filing bankruptcy, is the new law you still gotta pay 50%?

Does anyone know about the NEW Bankruptcy laws and how you file for it?

New Bankruptcy Laws question...? No, I am not looking to declare bankruptcy and I am not in any debt, except for under 200 dollars at Swiss Colony, which I am paying off. I am just curious to know, what the new bankruptcy laws mean, if, say, someone is in debt for 10 grand or 20 grand, for example, to store credit cards, like Sears, Macy's, Target, Victoria's Secret, etc., and VISA or Master Card. I know the new laws are in favor of the merchants. What does that mean, to people nowadays who go through bankruptcy? What do they have to pay?

New Bankruptcy Laws? My friend and his girlfriend have 1 car each both in his name, hers is a 1998 ford. They owe 2600. on it and it needs a windshield, brake work, transmission work, and it has some shorts in the wiring to the windows. He was told by his lawyer that he needs to make an evaluation and not reaffirm anything that could hurt him in the end. SO he knows that he needs to let this vehicle go as it need like 1300. in work to it and there is still no guarantee, but would he be breaking the law ig he got her a new one at buy here pay here lot and let this one go. He is checking with his attorney today but I am curious about it all. Hi bankruptcy is being filed in November

Have the new bankruptcy laws banks lobbied heavily for contributed to the credit/mortgage crisis? Washington Mutual Inc. got what it wanted in 2005: a revised bankruptcy code that no longer lets people walk away from credit card bills. The largest US savings and loan didn't count on a housing recession. The new bankruptcy laws are helping drive foreclosures to a record as homeowners default on mortgages and struggle to pay credit card debts that might have been wiped out under the old code, said Jay Westbrook, a professor of business law at the University of Texas Law School in Austin and a former adviser to the International Monetary Fund and the World Bank. http://www.boston.com/business/personalfinance/articles/2007/11/11/shift_in_bankruptcy_laws_staggers_mortgage_holders/

Did the new bankruptcy laws lead banks to be overconfident with lending and to the mortgage/credit crisis? Washington Mutual Inc. got what it wanted in 2005: a revised bankruptcy code that no longer lets people walk away from credit card bills. The largest US savings and loan didn't count on a housing recession. The new bankruptcy laws are helping drive foreclosures to a record as homeowners default on mortgages and struggle to pay credit card debts that might have been wiped out under the old code, said Jay Westbrook, a professor of business law at the University of Texas Law School in Austin and a former adviser to the International Monetary Fund and the World Bank. http://www.boston.com/business/personalfinance/articles/2007/11/11/shift_in_bankruptcy_laws_staggers_mortgage_holders/

What are the new laws for Bankruptcy? I'm wonder what the new laws in PA when you claim Bankruptcy, maybe a good website that i can get information from??

Could someone please explain to me (in the simplest way) how the new bankruptcy laws work?

Under bankruptcy law chapter 7 New Jersey how long do you have to wait to have a house in your name.?

with all the new bankruptcy laws is it possible to buy a house while in chapter 13 bankruptcy? in louisiana?

where can i find a free downloadable bankruptcy law library? I need to find all the information I can about federal bankruptcy laws. Especially any thing I can download or print from a law library.

In Bankruptcy law in what cases could student loans be included? I live in Ohio and my husband and I are filing bankruptcy. I was reading about bankruptcy laws and saw where it said that student loans could be included if the judge ruled that it would cause undue hardship. What does this mean, and when is it considered an "Undue hardship"

What is the bankruptcy law or code in Missouri to exempt my 2007 Tax Refund? The bankruptcy trustee told me to ammend my exemption schedule to include my 2007 return, but I don't know the code. I filed with out an attorney, so I have to find the code by myself.

I am going to file for bankruptcy, can I include my leased vehicle under the protection of bankruptcy law? I have a very high payment on my leased vehicle. I would probably have to buy the vehicle at the end of the lease due to excessive mileage and excessive wear and tear. I would like to just get rid of said vehicle while under bankruptcy protection. I would then just buy an old junker to use for work. Would this work?

Is the current credit crisis and housing slump due to the bankruptcy law changes made a year ago? I can't help but think that the changes weren't the right ones. It seemed like it would have been better to limit how much above and beyond interest the creditors could charge than to make it harder for people to abandon their debt.

Has anyone had any experience with LEGAL HELPERS a bankruptcy law firm? It state's that they are the nation's largest bankruptcy law firm. Are they , I don't know how else to say it...but, on the up and up? Are they okay? I don't know where to find out. This is the website: http://www.legalhelpers.com/ I really need to know, Can someone help? Thank You!

What are the new rules on filing bankruptcy in Texas for individuals? Bankruptcy law changes, how does that effect individuals

Do you think Obama will undue the bankruptcy law changes that GW Bush enacted? Just curious, because I know this was one of the less popular things the Bush administration did.

If I file for bankruptcy, is the law firm office will stop calling me? The law firm office keep on calling me and they wanted me to pay 5k for my credit card. But I dont have any job and no savings. Thats why I wanted to file for bankruptcy.

I am a California lawyer but I want to practice bankruptcy law in Florida, will it be okay? Be nice! The answer is yes. Federal Administration laws and in House Counsel... Well, you can be narrow-minded, but you have to be kind, at least try!

When the GOP passed the Bankruptcy Law did they just targeted Liberals or all Americans who are struggling? I thought Bush was involved with 2 or 3 bankruptcy issues.

Are divorce law and bankruptcy law lucrative fields? I have heard that some some lawyers have made very good money in divorce law and/or bankruptcy law. They will advertise that they will "do" a divorce or bankruptcy for a few hundred dollars and then many people will call in for their services. I have also heard that divorces and bankruptcies are usually not too complicated. Any information would be great - I may be very misinformed.

Do u think it's ODD that Bankruptcy Law changed, then this HUGE Forclosure Disaster? I wonder if the Government knew this Economic trainwreck was coming in a couple yrs so changed the Bankruptcy Law to protect the interests of Corporate America. What do you think?

I work for a Bankruptcy Law Firm. Please help me with what you think would be a great marketing tool. Thanks. Give me some ideas on how you would market this kind of business. What do you think would be effective and why?

Where do you file for Bankruptcy according to the new laws? If you reside in one state, leave the country for 6 months and when you come back you are in a different state. In what state do you file for Bankruptcy (Chapter 7 or 13) according to the new laws.?

Did congress sign law granting bankruptcy judges power to modify mortgage loans? New law to aid with housing crisis. It was set to pass March 4. What happened?

Has anyone filed for bankruptcy in Illinois and used the Law Offices of Peter Francis Geraci? I wanted to find out if anyone in Illinois has used the Law offices of peter francis geraci to file bankruptcy. My husband and I are planning on filing and wanted to know if this law office was good or not.

when did the bankruptcy laws in New Jersey change to ten years before it would be removed from your credit? I filed in 2001 and thought it would be clear in seven years, that anniversary is in March this year and I was looking forward to it my credit has been spotless since then it is the only mark on it

I need help understanding bankruptcy law with a partnership HELP? In March 1988, Daniel E. Beren, John M. Elliot, and Edward, F. Mannino formed Walnut Street Four, a general partnership, to purchase and renovate an office building in Harrisburg, Pennsylvania. They borrowed more than $200,000 from Hamilton Bank to purchase the building and begin renovation. Disagreements among the partners arose when the renovation costs exceeded their estimates. When Beren was unable to obtain assistance from Elliot and Mannino regarding obtaining additional financing, the partnership quit paying its debts. Beren filed an involuntary petition to place the partnership into Chapter 7 Bankruptcy. The other partners objected to the bankruptcy filing. At the time of the filing, the partnership owed debts of more than $380,000 and had approximately $550 in the partnership bank account. Should the petition for involuntary bankruptcy be granted?

Can student loans be discharged under the new chapter 7 bankruptcy laws? What about credit card transactions?

Do you think specializing in bankruptcy law is good prospect for law student? Is there any law? 10 pts. for good or detailed answer