Who you, a Guru? After you read these 102 Bankruptcy tips, you'll be one. But we're looking to recruit a Guru to blog, write a 101 tip Bankruptcy book, and become a leader of this community.
Hot topics for both consumers and webmarketers on WebmasterRadio.FM
Every Wednesday, 4PM Eastern.
October 24, 2008, Newsletter Issue #87: Recent Bankruptcy Law Changes
1
Tip of the Week
For the first time in over 25 years, U.S. bankruptcy law reform was passed by Congress in 2005. The changes may affect you just a bit or in a major way depending on your personal financial situation. While there are a number of procedural changes, the most important involve credit counseling and a “means test”, which determines whether you can file either Chapter 7 or Chapter 13 actions, or whether you might be allowed to file Chapter 13 only. You are also now required to complete a credit counseling course within six months of filing bankruptcy, which is intended to help you understand how credit works with the hope that you won’t find yourself in this situation in the future. The bankruptcy law changes could affect you, so work closely with your attorney to decide how to proceed.
2
About LifeTips
Now one of the top on-line publishers in the world, LifeTips offers
tips to millions of monthly visitors. Our mission mission is to make
your life smarter, better, faster and wiser. Expert writers earn dough
for what they know. And exclusive sponsors in each niche topic help us
make-it-all happen.
LifeTips is part of ideaLaunch, the hub for a group of websites offering
solutions that help clients improve mind share, market share and profit online.
