Bankruptcy Rules & Laws

When it comes to understanding bankruptcy laws, it’s a good idea to consult an experienced bankruptcy attorney. With over 15 years of experience under our belts, the attorneys at David S. Clark, Attorney At Law, LLC can shed light on bankruptcy laws. We’re here to help you navigate through the sometimes-stormy financial challenges you face, and we do it with dignity. We have real legal solutions for people laden with debt solutions that include bankruptcy, credit counseling, representation for issues with the IRS, foreclosure and more.

Our Other Bankruptcy Services

Our extensive experience allows us to provide expertise in the following areas:

  • Chapter 7 bankruptcy
  • Chapter 13 bankruptcy
  • Divorce and bankruptcy
  • Lawsuits and judgments

Bankruptcy Law Changes Since 2005

In October of 2005, bankruptcy laws changed. These changes garnered national media attention, but reports often described the changes as challenging and responsible for making bankruptcy filing increasingly difficult. It turns out, however, that these allegations were just that: allegations. The truth of the matter is that Chapter 7 bankruptcy and Chapter 13 bankruptcy were altered very little. Their changes included the following:

  • Income requirements
  • Means testing if income requirements were not met

Changes in Bankruptcy Laws and How They Impact You

When the laws changed in 2005, many people were led to believe two major fallacies. First, you could no longer wipe out all of your unsecured debt by filing Chapter 7 bankruptcy. And second, you would be required to repay all of your debts if you filed Chapter 13. Both of these ideas were and still are untrue.

We are a Debt Relief Agency. We help people file for bankruptcy relief under the Bankruptcy Code. No representation is made that the quality of the legal services to be performed is greater than the quality of legal services performed by other lawyers.