Bankruptcy
Oct. 28, 2006
One Year Later, Bankruptcies Have Plummeted
FORUM COLUMN - By John McMickle - One year ago, America's bankruptcy laws changed, altering the legal landscape for consumers, lenders and attorneys in fundamental ways.
Forum Column
By John McMickle
One year ago, America's bankruptcy laws changed, altering the legal landscape for consumers, lenders and attorneys in fundamental ways. A consumer no longer has a near-absolute right to file for Chapter 7. Consumers in Chapter 13 must devote more resources to paying unsecured creditors. And virtually all consumers seeking bankruptcy must undergo pre-fi...
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