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Brooklyn (718) 530-0210/1-866-402-8476 or Melville 1-866-402-8476

Recent Changes in Bankruptcy

Bankruptcy Law Advice in Brooklyn, New York

Bankruptcy Law Changes

In 2005 President George W. Bush signed the Bankruptcy Abuse Prevention and Consumer Protection Act . Although the law contains many significant provisions, your ability to secure debt relief and protection from creditors remains largely the same.

Mandatory Credit Counseling

Individuals filing for bankruptcy under Chapter 7 are required to undergo credit card debt counseling within 6 months of filing a Chapter 7 bankruptcy petition. Bankruptcy petitions will be denied if they do not comply with this simple requirement. This is not an obstacle to obtaining debt relief. The credit counseling requirement can be fulfilled in any of our law offices.

New York Means Test

If your income is higher than the average income in New York, you are subject to a test of your income and expenses using the Internal Revenue Service (IRS) guidelines. If it is determined that you can pay more than 25% of your debts over time, you may not be eligible to file for bankruptcy under Chapter 7. You may need to file for bankruptcy under Chapter 13

The new law does not mean that you cannot file for protection. It does make it even more important to discuss your needs with an experienced New York City bankruptcy lawyer. At Rosenberg, Musso & Weiner, L.L.P., we have over 60 years of combined bankruptcy experience and can help guide you through the new bankruptcy process. 

More Information

To learn more about your rights under federal bankruptcy law, visit our Bankruptcy Information Center or our Bankruptcy E-newsletter.

Call us at (718) 530-0210 or 1-866-402-8476 to arrange an initial consultation and find out what we can do for you. Or contact our Brooklyn and Long Island bankruptcy lawyers by e-mail to give our attorneys more information about your concerns.

No-cost 30 minute consultations
Offices in downtown Brooklyn, Melville, Syosset, and Uniondale

Rosenberg, Musso & Weiner, L.L.P.
 Brooklyn, NY

National Association of Consumer Bankruptcy Attorneys
Questions about Bankruptcy? Contact Us.

NOTE: Labels in bold are required.

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Contact Us

26 Court St
Suite 2211
Brooklyn, NY 11242-1125
Phone: (718) 530-0210
Toll Free: (866) 402-8476

200 Broadhollow Road
Suite 201
Melville, New York 11747
Toll Free: (866) 402-8476

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