Changes to the bankruptcy code can affect anyone considering filing for bankruptcy. It’s important to be well-informed and educated on the process, how it works, who is eligible and what the implications for filing bankruptcy are. In October of 2005, a new national bankruptcy law went into effect; it changed the way that bankruptcy cases are filed, and decided, across the country. This new law brought with it a few extra steps that need to be taken by both debtor and attorney in a bankruptcy case.
