Bankruptcy Articles

You may have noticed, bankruptcy is in the news a lot at the moment. This is due to recent law changes and a record number of people applying for bankruptcy in the latest quarter. We've bought together a list of interesting bankruptcy articles. They will give you a good overview of the bankruptcy market and what is happening.

New Bankruptcy Law – Five Essential Things to Know

Last April, Congress passed the Bankruptcy Abuse and Consumer Protection Act, the most sweeping reform of our nation’s bankruptcy laws in more than twenty-five years. Proponents of the bill argue that most consumers who file for bankruptcy do so simply because they do not wish to pay their bills. That is an arguable point, as studies show that most bankruptcy filers have suffered illness, injury or job loss. Regardless of the reasons, Congress has made the changes, and millions of Americans will be affected when the new law takes effect on October 15. Click here to read the article in full.

Bankruptcy: What To Expect If You File For Bankruptcy

First, understand that filing bankruptcy should be a last resort if you have borrowed money and have absolutely no way or repaying it. Filing for bankruptcy will have a negative effect on your credit history for 10 years or longer and may also adversely impacts your quality of life. Click here to read the full article.

Benefits and Drawbacks of Bankruptcy

Outlined below are some of the benefits and drawbacks of bankruptcy. It should be noted that bankruptcy is not to be entered into without first having sought professional advice.

There is more to bankruptcy than as a way of finally putting an end to harassing debt collectors and creditors. One big side effect of bankruptcy being that your life is likely to be subjected to intense scrutiny. Click here to read the article in full.

New Bankruptcy Law – Where’s the Consumer Protection?

On April 20, 2005, President Bush signed into law the Bankruptcy Abuse and Consumer Protection Act, a piece of sweeping legislation that brought about the most sweeping changes in personal bankruptcy law in the last quarter century. This bill, which takes effect in October 2005, passed with the overwhelming support of both parties of congress, claims, through its very name, to offer “consumer protection.” Does it? How are consumers “protected” by this bill? Click here to read the article in full.

If you would like to add your own bankruptcy article to this page, we'd be happy to hear from you. Please contact us with details of your article, we will respond as soon as possible.