How: compare the old and new bankruptcy laws

Which came into force in December 2005 in general people, their debts discharged for it bankruptcy law as under the previous law, have made it difficult according to CNN Money bankruptcy file. FeesLawyers should more time to check the documents that the new law about the old bankruptcy lawyers liability larger, imposed if your clients are inaccurate. This often results in more fees.TypesThe should legislation to force fewer people to file under Chapter 13 7 and more people to file under chapter. Property of a debtor is in liquidation under Chapter 7 and it or published the most debts, but the debtor pay off debt in up to five years under Chapter 13 CounselingDebtors must attend classes in fund management and meeting had a credit at his own expense for the new law.ExpensesThe Court consultant with much more flexibility to determine, the reasonable cost of Chapter 13 payments under the old law could be deducted but the new law of the Court of justice requires to use, the most stringent IRS regulations.Homestead ExemptionThe legislation has more stringent provisions in homestead.