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New Bankruptcy Law

I filed for bankruptcy on June 14,2007. I have surplus income and I am due to be discharged on March 14, 2008. During my initial consultation I was informed that if I had surplus income my banckruptcy would be extended 3 – 6 months being a first time bankrupt.

I am curious to know if the new bankruptcy law affects bankrupts who filed before the bill was proclaimed law?

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One Response to “New Bankruptcy Law”

Barton Goth GCO Bankruptcy Trustees said...

While we haven’t been given a copy of how previous estates will be treated I don’t expect any change. What has typically happend in the past is that you are subject to the rules and regulations that were in place when you filed and I have not been given any reason to believe this same pattern isn’t going to be followed.