MYTH: New Laws make filing bankrupcty more difficult.
TRUTH: The changes to the Bankruptcy Code in 2005 didn't have the "bite" the United States Congress intended. The majority operates the same as before. The "new laws" were drafted to prevent fraud changes were geared to prevent bankruptcy abuse. However, the relief that was available prior to 2005 is STILL available. the "qualifying factors" surrounding a bankruptcy did not hcange very much after the law changes. The rumors swirling around the 2005 law changes still exist. It is imperative that you get accurate information before you can make an informed decision regarding bankruptcy.
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