• What did the New Bankruptcy Law do?

The most significant thing that the New Bankruptcy Law did was that it made filing bankruptcy much more complex.  It made the Bankruptcy debtors jump through a few more hoops and made their cases a little more expensive.  The bottom line is that in almost every case that was filed by my Bankruptcy  clients after the New Bankruptcy Law went into effect has went through just as it would have before the bankruptcy law changed.  Sure, there have been a few more corrections made to the original bankruptcy forms than before the New Bankruptcy Law went into effect.  These corrections have resulted from the attorneys (lawyers), bankruptcy trustees, and judges litigating the issues in bankruptcy court and figuring out the intricacies of the New Bankruptcy Law.  In addition, the Bankruptcy Forms are much more complicated, and require a more intimate knowledge of the Bankruptcy Code, but all in all, my clients have filed bankruptcy, recieved their bankruptcy discharge, and kept their homes, cars and other property.  The New Bankruptcy Law made it more important than ever to hire a good bankruptcy lawyer to guide you through the complex maze called the Bankruptcy Code.