Home >

New Bankruptcy Law

New bankruptcy law has a design to provide better protection for creditors who lend to individuals who defraud the system. Abuses in the 1990's and early 2000's lead legislators to create a new law that limits how frequently and how easily it was to file bankruptcy in the United States. Prior to this, it was easy for borrowers to rack up a large amount of debt only to file for bankruptcy and then to repeat the process again. The new bankruptcy law made it far more difficult for this to occur which helped to reduce the number of bankruptcies filed yearly that were fraudulent. Though the new law has been in place since 2005, it is still a newer law due to the significant changes imposed in the law.

Fast Facts

  • Prior to the new law being in place, some two million people filed for bankruptcy in 2005 in an effort to beat the law.
  • The following year, just fewer than 600,000 individuals filed for bankruptcy after the new law went into play.

Talk to a Lawyer

Enter a zip code to speak to a Lawyer that serves your area.

Find a Lawyer

Select the type of Lawyer you need

new bankruptcy law - Lawyers, Articles and Q&A

Search Results for "new bankruptcy law"

Articles

Results 1-5 of 1886 for "new bankruptcy law"

Q&A

Results 1-5 of 58 for "new bankruptcy law"

From Around the Web

Results 1-5 of 126 for "new bankruptcy law"

Lawyers Near You

Type of Lawyer:
Bankruptcy change
Serving:
Los Angeles, CA change

Law Offices of Robert Higgins

112 Goliad Street

Benbrook, TX 76126

contact office

Akhkashian, LLP

1055 Wilshire Boulevard Suite 1996

Los Angeles, CA 90017

contact office

Law Offices of Zhou and Chini

790 E. Colorado Blvd

Pasadena, CA 91101

contact office

Law Offices of Patricia S. Depew

1801 Century Park East Suite 2400

Los Angeles, CA 90067

contact office

KM LAW GROUP, LLP

16000 Ventura Blvd 5th Floor

Encino, CA 91436

contact office

View All


PAID ATTORNEY ADVERTISEMENT: This Web site is a used as an advertising platform for attorneys. It is not a lawyer referral service or prepaid legal services plan. ExpertHub, Inc. is not a law firm. The sole basis for the inclusion of the participating lawyers or law firms is the payment of a fee for practice areas and geographical advertising rights. ExpertHub, Inc. does not endorse or recommend any lawyer or law firm who participates in the network. ExpertHub Inc’s websites operate 24 hours a day, and a visitor can submit their case at any time to find a lawyer, and will never be charged to use the service. The information contained herein is not legal advice. All case evaluations are performed by an attorney or law firm. Any information provided to ExpertHub, Inc. may not be protected by the attorney-client privilege. ExpertHub, Inc. is located at 7031 Koll Center Parkway, Suite 260, Pleasanton, California 94566.

Terms and Conditions | Privacy Policy

LA-WS5:0.7.14.100803.9563