Bankruptcy

dlcsmc86 · #1 Dec 10, 2005, 05:33 AM

Does anyone know what the difference is now that the bankruptcy laws have changed? What exactly has changed that would prevent a person from getting a say...Chapter 7 now as compared to before the law changed.
This would be for the state of PA. Thanks for any help.

RickJ · Dec 13, 2005, 01:34 AM

Here's one of PA's Bankruptcy info sites:
http://www.pawb.uscourts.gov/

I couldn't find a page with regulations or requirements at a glance, but browse through it - you may find it - and/or contact them for directions to where you can learn what is required.

CaptainForest · Dec 13, 2005, 10:26 AM

I'm not sure about all the changes, but I heard on the Suzie Orman Show that if you file for bakruptcy, you CANNOT discharge any student debts as they will stay with you forever.

RickJ · Dec 13, 2005, 10:34 AM

FYI, That would be Government Student Loans that they were speaking of.

CaptainForest · Dec 13, 2005, 10:49 AM

Thank you for the clarification rickj.



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