>>The intensified interest comes from the bankruptcy law makeover
signed by President Bush on April 20, a 501-page bill that bears the
markings of the Republican-dominated Congress that passed it after an
eight-year campaign headed by the banking, credit card and retailing
industries.
Among the most noteworthy of the changes are new limitations on
filing for personal bankruptcy, including barring those with
above-average income from Chapter 7 -- where debts can be wiped out
entirely -- except under special circumstances. Those deemed by a
"means test" to have at least $100 a month left over after paying
certain debts and expenses will have to file a five-year repayment
plan under the more restrictive Chapter 13 instead.<<
[Homestead] Bankruptcy filings soar as change in law nears,
Rob, 10/02/2005