The presumption of abuse guidelines were established when Congress enacted the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005. One of the reasons for the act was to prevent people who make too much money to...
Bankruptcy helps a lot of people eliminate their debt, or catch up and reorganize their debt to make it more manageable. There are limitations to what bankruptcy can actually do for you. Secured Debt Bankruptcy cannot...
State laws govern financial obligations within the state, medical bills, and leases for example. When a debtor seeks bankruptcy protection, federal law overrides state law. Federal law provides a uniform law on the subject of...
When completing your bankruptcy petition in perpetration to file bankruptcy in Texas, you must tackle a large amount of paperwork. Among the required paperwork are lists of financial information called schedules. Schedules...
The Bankruptcy Abuse and Prevention Act is a law that went into effect in 2005. Credit card companies strongly supported the new laws, while they didn’t get everything they wanted to be included in the law, they did get...
