Thursday, April 21, 2005

Federal Bankruptcy Bill Signed

President Bush signed the new “bankruptcy overhaul” bill into law yesterday, making it harder for those thinking about filing, and precipitating predictions of last minute rushes to file before the new law takes effect on Oct. 17th. and increases in fees since lawyers will now be liable for “misleading statements or inaccuracies in a client’s case.”

Senate Bill 256 is posted on Thomas’ Legislative with additional information & summaries.

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