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    • A variety of new deadlines is included. If these new deadlines are missed, your bankruptcy will not go through. Penalties for refilling wi

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    As of 2005, new bankruptcy laws went into place to keep those that have been filing Chapter 7 abusively from doing so. This law, called the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 is one that is quite comprehensive. It provides for several restrictions that will require those that are considering filing bankruptcy to follow before being able to have their bankruptcy discharged. Is this a necessary change? Is it a helpful one? No matter what the answers to those questions are, the fact is that it is now harder than ever to file Chapter 7.

    What The New Law Says

    There are several things that are now taken into effect in regards to filing Chapter 7 under this new law. Here are some points that are important to know about.

    • A variety of new deadlines is included. If these new deadlines are missed, your bankruptcy will not go through. Penalties for refilling wil

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    otection Act of 2005 is one that is quite comprehensive. It provides for several restrictions that will require those that are considering filing bankruptcy to follow before being able to have their bankruptcy discharged. Is this a necessary change? Is it a helpful one? No matter what the answers to those questions are, the fact is that it is now harder than ever to file Chapter 7.

    What The New Law Says

    There are several things that are now taken into effect in regards to filing Chapter 7 under this new law. Here are some points that are important to know about.

    • A variety of new deadlines is included. If these new deadlines are missed, your bankruptcy will not go through. Penalties for refilling wi

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    e to have their bankruptcy discharged. Is this a necessary change? Is it a helpful one? No matter what the answers to those questions are, the fact is that it is now harder than ever to file Chapter 7.

    What The New Law Says

    There are several things that are now taken into effect in regards to filing Chapter 7 under this new law. Here are some points that are important to know about.

    • A variety of new deadlines is included. If these new deadlines are missed, your bankruptcy will not go through. Penalties for refilling wi

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    to file Chapter 7.

    What The New Law Says

    There are several things that are now taken into effect in regards to filing Chapter 7 under this new law. Here are some points that are important to know about.

    • A variety of new deadlines is included. If these new deadlines are missed, your bankruptcy will not go through. Penalties for refilling wi

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    hat are important to know about.

    • A variety of new deadlines is included. If these new deadlines are missed, your bankruptcy will not go through. Penalties for refilling will be higher and harder to work through.

    • A test is provided by your attorney that will determine if you even are allowed to file bankruptcy. This will decide if you can file Chapter 7 or Chapter 13 and is called a means test. More people will be required to file under Chapter 13 which will require you to have your debts restructured so that you still have to pay them back, just at a lower rate.

    • Your assets are likely to be valued higher than before and this includes furniture, cars, and other assets you have.

    • There are also laws in place that require residency requirements as some individuals were seeking to use the laws of one area over another if they were more favorable to them. • There

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