New Bankruptcy Laws Attorney

If you are considering filing for bankruptcy, you need to stay up to date regarding our nation and state’s bankruptcy legislation. If you have questions about filing for bankruptcy or how any new bankruptcy laws may affect your bankruptcy case, contact our office to speak with the Pittsburgh Bankruptcy Attorney.

As of 2005, the Bankruptcy Abuse Prevention and Consumer Protection (BAPCPA) is now in effect. BAPCA has produced additional requirements and additional testing to evaluate citizens that wish to file for bankruptcy.

There are now over 50 eligibility requirements to file for bankruptcy. One such requirement is current monthly income. The problem with this is that a filer’s current monthly income is now calculated by any income received in the six months prior to filing the bankruptcy case, subtracted by a certain formula of living expenses defined by the Internal Revenue Service. A calculative formula does not necessarily take into account the specific circumstances of each individual case, and oftentimes do not account for a filer’s actual living expenses (e.g. having a family.)

The Pittsburgh Bankruptcy Attorney is an experienced financial attorney that can improve even the most destitute of financial situations. Appointing an attorney is often a great step in protecting you and your family or business from further financial ruin. Our legal team is experienced and knowledgeable about more than the bankruptcy code, but how to repair your credit and get your finances back in order. Contact us today for a free initial consultation with the Pittsburgh Bankruptcy Attorney.