Free Debt Help – How New Bankruptcy Laws Make Debt Settlement a Popular Option
What are the various points because of which debt settlement has overtaken bankruptcy as the most popular debt relief option? The first modification made by the 2005 amendment was the compulsory credit counseling session done within 180 days of filing of a chapter seven bankruptcy.
If the government approved expert does not agree to such a move, you obviously are going to face a lot of problems. The credit counseling session can come up with serious complications especially after you have filed for bankruptcy.
As you would know, the 60 day period after bankruptcy is very important and the lenders invariably file dispute charges against the borrower with in this time frame. If the credit counseling session does not go in your favor, you certainly are going to end up with complications on your hand.
Secondly, the means test introduced by the law means that you will have to satisfy … Read the rest >>>