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Congress recently passed the most sweeping bankruptcy legislation in more than twenty five years. The Bankruptcy Abuse prevention and Consumer Protection Act was written to make it harder for most personal bankruptcy filers to have their debt swept away through a Chapter 7 filing. The new law will require that potential bankruptcy filers pass a "means test" and most will not qualify for the Chapter 7 filing. Instead, they will have to file under Chapter 13, which requires a court-defined repayment schedule of up to five years. This legislation, considered by its detractors to be a "wet, sloppy kiss" to the credit card companies, has many people justifiably concerned
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Law grads go to court for bankruptcy protection
(Reuters) - When Diana Valle decided to intern at a bankruptcy firm during law school, she had no idea how useful the experience would prove - in her own case. Shortly before graduating from the University of Maryland School of Law, the 26-year-old Valle, burdened with 0,000 in student debt and with no immediate job prospects, filed for Chapter 7 personal bankruptcy protection. "I was really ...
Fri, 03 Feb 2012 07:25:45 -0800

Macey Bankruptcy Law's Jolene Umentum Wins Paralegal of the Quarter Award
CHICAGO, IL-- - The votes are in and it looks like the newest recipient of 722 Redemption Funding's Paralegal of the Quarter award is Jolene Umentum of the Macey Bankruptcy Law office in Milwaukee. This ...
Tue, 31 Jan 2012 11:11:00 -0800

Personal Bankruptcy Lawyers Forced to Reduce Rates as National Bankruptcy Filings Decline
Macey Bankruptcy Law Partner Jeffrey Aleman Says Despite the Declining Bankruptcy Market, His Firm Will Continue to Offer Clients Unparalleled Bankruptcy Protection Services
Wed, 01 Feb 2012 16:38:32 -0800

Los Angeles Dodgers File Motion to Disallow Stow Bankruptcy Court Claim
LOS ANGELES, Feb. 3, 2012 /PRNewswire/ -- Los Angeles Dodgers LLC ("LAD", "Dodgers") today reported that it has filed a motion to disallow all claims (the "Stow Claim") asserted ...
Fri, 03 Feb 2012 16:00:00 -0800



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Filing bankruptcy is a common practice among the U.S. Over 2 million people file for bankruptcy every year. So many families today are swimming in debt, which is not surprising with the amount of credit that is being offered. If you pay your bills, you're given the opportunity to run up more bills. For young people, this is often too much responsibility to handle. Many people choose bankruptcy in order to gain a fresh start. However, bankruptcy leaves you with a bad record. This makes it harder to buy a house, a car, or any other big-ticket item soon after
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