Re: Re: Re: In trouble I've heard about that law. Am I right that the only two things that changed are: 1. To qualify for chapter 7 my income should be below median of the state. Otherwise I will go into chapter 13. 2. I must subscribe to credit counseling for 6 months and apply for BK only after. These conditions don't seem that tough? Am I missing something though? Why is it dreaded? Thanks!
Re: Re: Re: Re: In trouble I've asked that, too. I guess people that have run up a lot of debt that they don't want to pay are worried. I paid all of mine back, every penny, and didn't file bankruptcy. I think most people could use some budget counseling. I personally think that it should be taught in school. I think that people who WANT to pay their debts, or as much as possible, will not be intimidated by this bill.
