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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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Lastest "filing bankruptcy" News:

Christ Hospital bankruptcy filing comes at a time of change for North Jersey's health care network
The announcement from the Jersey City hospital came less than a week after Prime Healthcare, a California-based for-profit company, withdrew its bid to buy the 381-bed hospital for million in cash, setting the stage for the bankruptcy filing.
Mon, 06 Feb 2012 19:31:19 -0800

YPSILANTI: Several college bookstores may close after bankruptcy filing
Four Washtenaw County college bookstores could close down after their parent company filed for Ch. 11 bankruptcy, AnnArbor.com is reporting.
Tue, 07 Feb 2012 04:11:10 -0800

Government Challenges Washington-Based Boatbuilder's Bankruptcy
The government is seeking to dismiss the recent bankruptcy filing of Fountain Powerboats.
Tue, 07 Feb 2012 02:35:24 -0800

Rally to address possible bankruptcy filing by Christ Hospital in Jersey City
A community group that opposed the now-scuttled sale of Christ Hospital to a for-profit California chain will hold a rally on Tuesday to address the hospital's announcement that it might file for bankruptcy
Sun, 05 Feb 2012 11:48:44 -0800



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A bankruptcy credit card is basically a card that you can get despite bad credit.If you have been in bankruptcy in the past, you are probably finding it difficult to build up your credit rating again. One of the reasons for this is that most of the major companies will not offer you a credit card or other loan due to your past bankruptcy. There are a few things that you can do in order to lessen the effect that that bankruptcy has on your credit now, but one of those options (wait until it is no longer on your
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