Is there a grandfather clause under the new bankruptcy law?

I filed in 2000. Do I have to wait 8 years, or because I filed prior to the new law...am I grandfathered at the previous 6 years?


I don't think there is a grandfather clause.

You can now only file every 8 years.

How different is the new bankruptcy law from the old?

I am considering filing bankruptcy due to the fact that in the last year i have willing foreclosed on my home and now it looks as though I am going to have to do the same with one of my cars, and I am just wondering if it wouldn't be better to file bankruptcy


It used to be that you could file bankruptcy rather quickly and simply. Now, a "means test" is imposed to determine if you are eligible for chapter 7 or must file under chapter 13. If you must file under chapter 13, in most cases you will

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Worried about a potential Rays bankruptcy, St. Pete hiring lawyer

The standoff over Tropicana Field hasn't hit the courts yet, but the city of St. Petersburg is hiring a law firm just in case.

City records show that the City Attorney's Office has been negotiating for legal services with Brown Rudnick LLP, a law firm with 200 lawyers.

Under a proposed legal contract, the firm would provide advice to the city regarding the Tampa Bay Rays' contract to play at Tropicana Field.

What's notable is the specialty of the New York lawyer who drew up Brown Rudnick's contract terms: bankruptcy law.

The city is concerned that the Rays might file bankruptcy as a way to get out of its stadium contract, said City Attorney John Wolfe. The city has no evidence the team is planning to do that, though, he said.

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New Bankruptcy Law - Lawdoc

It is imperative that both the debtors and creditors should be aware of the new bankruptcy laws so that they can save themselves from any unwanted future mishap. The U.S. Congress has made enormous changes that came into existence from October 2005.

 

 

 

There are some facts that are related to bankruptcy which are the main causes that bankruptcy law needed to be changed. Some of the facts are:

...

Read more...

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Worried about a potential Rays bankruptcy, St. Pete hiring lawyer
What's notable is the specialty of the New York lawyer who drew up Brown Rudnick's contract terms: bankruptcy law. The city is concerned that the Rays might file bankruptcy as a way to get out of its stadium contract, said City Attorney John Wolfe.

Lehman Pays Managers, Advisers $31.9 Million in March, SEC Filing Shows
Weil, Gotshal & Manges LLP, based in New York, was paid $286 million for acting as Lehman's lead bankruptcy law firm through March, including $6.1 million last month. “Fees at this level suggest that the bankruptcy courts may not be a practical

Local Atlanta Personal Bankruptcy Law Firm Connecting with Clients Through ...
And within this new broad range of social media users are the legal practitioners – a local Atlanta personal bankruptcy law firm, The Law Office of KA Foreman, now connects with clients through social media. The Law Office of KA Foreman is a local

Beyond ForeclosureGate - It Gets Uglier
Under the new legislation, anyone can file a claim of bankruptcy abuse, which can lead to a dismissal of the cause. This is a huge benefit to lenders who wanted to keep citizens from realizing debt relief. The new law makes it harder to file a claim,

Terminal Recession
“That's bread and butter these days for practitioners,” says Jim Lauderdale, who served as a federal bankruptcy trustee in Monterey County from 1978-83, and has practiced bankruptcy law in Monterey for 35 years. If business is good for anyone these

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