South Florida Bankruptcy Lawyer

In fall of 2005, Congress made a new law that was supposed to keep some people from abusing the bankruptcy system. Congress though that people were purposefully charging a large amount on a credit card with no intent on paying any of it back.  Congress then proceeded to push through a bankruptcy law to supposedly help the situation.

After looking at the past two years’ numbers, the government has realized that even with this law, the number of people claiming bankruptcy seemed to continue to climb. They eventually realized was that there are only a small percentage of people who are taking advantage of the system like this.

The recent reports of the bankruptcy filings in the US show that, because of the state of the economy, our numbers are continuing to grow as the year moves forward.  Although this was a surprise to the government, Congress is currently working to do all they can to decrease our overall bankruptcy numbers.

For more information, contact the Boca Raton Bankruptcy Attorneys of Eric Klein and Associates at 561-353-2500.