Bankruptcy Articles
The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 was signed into
law by President Bush on April 20th, 2005 and became effective on October 17th,
2005. There are many changes and InCharge Debt Solutions is here to provide the
proper information, tools and professional counseling to consumers who may be considering
bankruptcy. We want you to make the right decisions by making informed
decisions.
Getting Out of Debt: How Credit Counseling Can Help Identify Your Options
If your monthly debt payments, excluding mortgage or rent, exceed 20% of your income,
your debts are a serious problem requiring action. Here are some basic alternatives
for getting out of debt...
The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005
This new legislation, effective October 17th, 2005, requires all Chapter
7 or 13 bankruptcy petitioners to participate in credit counseling and to provide
the court a certificate of completion from a U.S Trustee-approved non-profit credit
counseling agency.
Learn About Bankruptcy
Get the "big picture" about the bankruptcy process. Learn what a discharge is, the
potential effects of a discharge, and more.