The Truth About Bankruptcy Abuse

Here’s the ugly truth about the Bankruptcy Laws. They’ve have changed!

Now it’s much more expensive and abusive, for Debtors to  file Personal Bankruptcy. Why Did the Bankruptcy Laws Change?

In 2005, President George W. Bush explained why he signed ‘The Bankruptcy Abuse Prevention and Consumer Protection Act’ of 2005.

In 2005 President George W. Bush signed the bankruptcy Abuse Act

“In recent years, too many people have abused the bankruptcy laws.

They’ve walked away from debts even when they had the ability to repay them.

The bill I sign today helps address this problem.

Under the new law, Americans who have the ability to pay will be required to pay back at least a portion of their debts.

Those who fall behind their state’s median income will not be required to pay back their debts.

This practical reform will help ensure that debtors make a good-faith effort to repay as much as they can afford.

This new law will help make credit more affordable, because when bankruptcy is less common, credit can be extended to more people at better rates.”

Frightening Facts You Should Know About The Bankruptcy Act Of 2005

1. Your valuables (assets) CAN be seized!

2. You have to submit to a “Means test”.

3. Bankruptcy is much more expensive than before the Bankruptcy Abuse Prevention and Consumer Protection Act became Law.

4. People trying to file Bankruptcy must  get “Financial Education” before their debts are eligible to be ‘Discharged’ in Bankruptcy Court.

5. Those filing Bankruptcy  have to deal with the headaches of  enrolled ( “or controlled”) with a Federally Accredited Credit Counseling Firm.

6. It cost a minimum of $1,500 just to file Bankruptcy – plus an agitating number of fee’s.

DEBT WARRIORS™ will teach you everything you need to know about about managing, budgeting,  settling and eliminating your debt – for yourself, in a safe, legal and reliable way.

Don’t even think about filing Bankruptcy, until you’ve called Debt Warriors at 866-573-4996!