New Bankruptcy Laws?
There is now a new law for bankruptcy that was passed called the "Bankruptcy Abuse Prevention and Consumer Protection Act". People struggling to pay their credit debts are now going to have to deal with this new bankruptcy law.
Bankruptcy Can Stay On Your Credit Report For 10 Years
The new bankruptcy legislation, which took effect on Oct 17, 05, has made the process of filing for bankruptcy a more laborious task, for attorneys and debtors. Of course, that's one side of the coin and the shift is undoubtedly geared towards benefiting the end customer; the debtor.
Some auto loan lenders are helping people with bankruptcy to rebuild their credit and make a fresh start. After your burden on bankruptcy status on your car loaned you can always start to have your own car again. There are lot of car financing companies like Capitalautoloan that offers special schemes for you to able to adjust with your financial status, to avoid bankruptcy again.
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