What Is The Difference Between The Old Bankruptcy Law And The New Bankruptcy Law?
By Susanne Robicsek, North Carolina Bankruptcy Attorney on Jan 30, 2007 in General Bankruptcy Information
But people who would consider filing bankruptcy under the old law are probably good candidates under the new law too. There are still many benefits to filing for bankruptcy under the appropriate circumstances. Bankruptcy can still reduce debts and/or eliminate debts. Bankruptcy is still a good way to stop foreclosures, repossessions and deal with various garnishments of wages. Bankruptcy can still offer protection from creditors, and help preserve assets.
All in all, the similarities of the old law and the new law are what we should be concentrating on, not the differences.
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