Spike In Bankruptcy May Come As Tax Refunds Are Issued
On behalf of Law Offices of Mark M. Kratter, LLC on April 19, 2012
In 2005, the U.S. bankruptcy laws were changed so as to prevent abuse of the process. That is, the change in the law was meant to prohibit those who could afford to pay their debt from filing for bankruptcy. However, one unfortunate consequence of the 2005 reforms is that it made filing for bankruptcy more expensive.