ALEXANDRIA, Va. -
July 30, 2013 -
PRLog -- The measure of quality for any bankruptcy lawyer is their ability to efficiently represent the client in the context of bankruptcy law. Considering that the law is constantly changing, lawyers in bankruptcy must always head the changes to bankruptcy law. Thus, the lawyers in Maryland are rushing to be the first to master the new bankruptcy laws. This race has been consistently won by the bankruptcy lawyers at Pels Anderson, LLC.
Congress has proposed a new set of amendments to Title 11 of the Federal Code. Title 11 is the Federal Code section that regulates all bankruptcy cases in the US. These changes are scheduled to take effect in December of 2010. These changes are also to be added to the codebooks by the first part of 2011. Most of the proposed amendments to the bankruptcy code have been stipulated to deal with Congress's newly passed Chapter 15 bankruptcy section. This new bankruptcy section is designed to help debtors with assets in the United States of America and foreign countries, regardless of whether the debtor lives in the United States of America. The new rules will lead to changes to the Chapter 7 bankruptcy. Chapter 7, or liquidation bankruptcy, is the singular bankruptcy chapter dealing with the circumstance where the debtor looks to sell his/her assets so as to pay for his/her debt.
Additionally, the new bankruptcy laws require consumers to become eligible for Chapter 7 filing under a means test. The means test will consider your income relative to the median income in your state. If you do not qualify for Chapter 7, the next option is Chapter 13. Some people may think that they are not eligible to file for Chapter 7 liquidation bankruptcy. However, that may not be the case. In conjunction, the new laws have made it more difficult for those filing for bankruptcy, but thankfully, the bankruptcy lawyers at Pels Anderson, LLC, can help.
An automatic stay will be filed by the court after Pels Anderson’
s, LLC, bankruptcy lawyers file a bankruptcy petition on their clients’
behalf. The automatic stay will put an immediate stop to attempts by creditors’
to collect a debt. This includes credit card payments, car loans, and mortgage payments. So do not hesitate to call the proven bankruptcy lawyers at Pels Anderson, LLC.
Pels Anderson, LLC, is the premier law firm with expertise in bankruptcy(best bankruptcy lawyer in Maryland), business, trusts $ estates, litigation, and personal injury law. For more information visit http://pallaw.com, or call 301-986-5570.
