Although there are not any new bankruptcy laws 2008 for the federal government, do take the time to check out your state's legislature for any new state bankruptcy laws that could have gone into affect or may even be in passage now. It is important to note that the bankruptcy laws of the country have long been a tool for individuals to use to fight the abuses of debt. It is a federal right for individuals to file bankruptcy to get out from under a large burden of debt. Yet, it is important to note that even with these new laws in place, many people are still finding it necessary to file for bankruptcy. The new laws have a design to limit the number of people filing and received a lot of pushing by credit card companies.