Myth No. 1: You Can No Longer File For Bankruptcy.

Since the bankruptcy laws were changed in October of 2005 I have had several clients that were told they could no longer file for Bankruptcy.

This is simply untrue, but with almost four years since the changes in the bankruptcy laws, I still get the occasional client that comes in and tells me that they were told they could not file for bankruptcy.

Sometimes it is a friend or collegue that provides this information, sometimes it is a debt collector. Whatever the source may be, the fact remains:  You Can Still File For A Bankruptcy!

The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (BAPCPA) did make some changes that limit the type of bankruptcy a debtor can file. As an example, some debtors that could file for a Chapter 7 bankruptcy under the old law must now, because of their income, file a Chapter 13 bankruptcy.

Also, there are now a number of time delays that may either require more time to pass between bankruptcy filings or limit your protection under the bankruptcy laws.

However, let me say it again: You Can Still File For A Bankruptcy!

If you have any questions about whether or not you can file for a bankruptcy, contact an experienced bankruptcy attorney.

I provide a free initial consultation to new bankruptcy clients and would be happy to discuss your case with you.

by , New Orleans, Louisiana bankruptcy lawyer.

About Kevin Gipson, Attorney at Law

I am an attorney licensed in all State and Federal Courts in Louisiana. I practice in the Greater New Orleans Area and work with Consumers to help them with their debt problems. My primary areas of practice are Chapter 7 and Chapter 13 bankruptcy and Student Loan Law.
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