Bankruptcies –Consumer Debt vs Non-Consumer Debt (Chapter 7)
January 20, 2014
There is still the belief among many that the 2005 amendments to the Bankruptcy Code make it more difficult for consumers to file for Chapter 7 bankruptcy protection.
It is important to note that the majority of the 2005 amendments apply to consumer debtors and consumer debt. The majority of the amendments do not apply to individuals with primarily non-consumer debt. Continue reading…