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Expert Author: Robert Michael | Category: Bankruptcy
Submitted: 2006-07-28 | Word Count: 474 | Views: 105
Most of us already are aware that the change in the bankruptcy law will be effective this October. Those who are already in debt argue that it is unfair. Companies that have suffered profit loss through the years are relieved to hear the news.

The change in the bankruptcy law will force individuals who are in debt or facing debt to file for Chapter 13 bankruptcy. The old way of just erasing debt will no longer be an option to most.

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