In 2005 the Bankruptcy Abuse Prevention and Consumer Protection Act was passed that changed bankruptcy filing requirements. This means that there may be certain changes that need to be checked before you decide to file for bankruptcy. Being informed and prepared with the new bankruptcy requirements will make your filing process hassle free.
chapter 12 bankruptcy requirements
The chapter 12 bankruptcy law came into practice in the late 80s as a means to provide relief to farmers and fishermen who generally felt a lot of obstacles as chapter 11 and chapter 13 of the code for bankruptcy are very complicated, expensive and provide little benefit.