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 13 bankruptcy requirements
Chapter 13 bankruptcy is meant for people with regular incomes. Chapter 13 bankruptcy law involves charting out a repayment schedule for the debtor in order to make it possible for the debtor to repay the debt over a 3-5 year period.