Individuals who are on the verge of having to file for bankruptcy may need more help than they would like to admit. Accredited credit counselors can be sought out for advice and help with a plan of attack. If that does not work, filing for bankruptcy may be your only option. A bankruptcy attorney at Galarza Law Firm can help you to understand your rights, and the court proceedings. The Bankruptcy Abuse And Consumer Protection Act of 2005 made significant (often confusing) changes to the U.S. Bankruptcy Code.

Unless you have a background in law you may need help navigating the new bankruptcy laws of 2005. Bankruptcy attorneys are experts in this field. Enlist their help before you file for bankruptcy. Bankruptcy Abuse And Consumer Protection Act of 2005 made it much harder for individuals to file for Chapter 7. The rationale behind the changes were due to the abuse of consumers and businesses who filed under Chapter 7 so that all debt would be forgiven. The “Mean Test” was also put into effect to weed out debtors who had a monthly income that was higher than national median. The Bankruptcy Abuse And Consumer Protection Act of 2005 also increased the wait time between bankruptcy filings to 8 years.

Prior to The Bankruptcy Abuse And Consumer Protection Act of 2005 individuals and companies that were filing for bankruptcy could do so with no prior help. After the Protection Act of 2005 anyone who wishes to file for bankruptcy must seek credit counseling within 180 days of filing. Schooling and counseling must be completed in order for any bankruptcy filing to be accepted.

Your bankruptcy attorney at Galarza is an expert in this field. Allow them to coach you through the entire process. Stop being confused and overwhelmed. Galarza Law Firm is here to help.