Find out if you can file for bankruptcy
Now I have the answers to the confusing question that has been niggling me for some time. Here are some of the recently revealed facts:
- Americans have never before been so deep in debt as they are now.
- Bankruptcy lawyers are claiming that they are seeing an increase in the number of people who want to file for bankruptcy. But they also state that the law is too strict and many people are finding it difficult to file.
- And this is the most interesting fact that was revealed recently — that the number of filings has dropped to 20-year lows.
Now, anybody in his or her right sense has the right to be as confused as I was. So now, here comes a piece of news, which could complete the jigsaw puzzle. It seems that though six months have passed since laws were passed making it harder to declare bankruptcy and yet there’s still confusion over who can file. Cfn13.com reports:
Bankruptcy lawyers say some bill collectors may be inadvertently telling debtors if they missed October’s deadline under the old laws - then it’s too late to file - which is incorrect.
Read more: Bankruptcy Confusion
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