Bankruptcy Service & Solutions

Bankruptcy Law May Change For The Worse
Are you a Victim of Credit Card Guilt Easy Tips to Increase Your Income Do-It-Yourself Debt Settlement Government and Agency Help Fight Back; Control Over Credit Bureaus Eliminate Unsecured Debts Fast Unpaid Debt Backfires How Nonconsensual Liens Effect You Can't Pay Your Credit or Charge Card Bill	the United States Congress has batted around legislation that would drastically change bankruptcy law—mostly to the detriment of debtors. In 2001, Congress passed the bill. But, as congress persons were ironing out a few minor differences between the House and Senate versions of the bill, September 11 happened. Congress halted its efforts to make the bill into law, only to revisit those efforts in 2002. Now, the legislation is dangerously close to becoming law. If Congress can work out an agreement on that provision, both Houses are posed to pass the bill, and President Bush has indicated he will sign it into law. The bill is backed by the credit card industry and is unfriendly to debtors. Among other things, the bill would prohibit some people from filing for bankruptcy, add to the list of debts that people could not wipe out in bankruptcy, make it harder for people to come up with manageable solutions and limit the protection to bankruptcy filers from collection efforts while the bankruptcy case is pending. If the legislation becomes law, most of the new rules will become effective 180 days later. If you are planning to file for bankruptcy, keep close watch on this bill. If it does become law, it might benefit you to get help, or find a reputable debt service before the new rules take effect. To learn how Community Debt Service can get you out of debt in a fraction of the time at a fraction of the cost, don't wait another second pick up the telephone and call us, or inquire online and we'll call you! We value your interest in our service and look forward to assisting you.

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