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Now may be the best time to see your Albuquerque bankruptcy attorney

Your Legal Helpers sponsoring Albuquerque bankruptcy attorney is experienced in family and personal financial law. He has helped many people face difficult times. Your Albuquerque bankruptcy attorney recognizes his clients as honest people who have either suffered a personal catastrophe or have become over-extended over a number of years. Your Albuquerque bankruptcy attorney understands that you would call on his services as a last resort.

A Legal Helpers' Albuquerque bankruptcy attorney is highly experienced in all aspects of consumer debt consolidation.

However, your Legal Helpers sponsoring Albuquerque bankruptcy attorney wants you to know that you should not put off the sensible thing, despite your fears. With recent lobbying in Washington, new laws may soon make it more difficult for your bankruptcy attorney to help you.

New legislation changes.

Pressured by the multimillion dollar lobbying effort of credit card companies, Congress has passed a new bankruptcy law that severely limits your ability to eliminate debt. The credit card companies hired some of the most prestigious lobbying firms in the country to pressure our legislators in Washington. The new bankruptcy law severely limits your ability to get relief under both Chapter 7 and Chapter 13.

Under the new changes to Chapter 7, the new law prevents you from eliminating your debt if you made at least the median U.S. income and can afford to pay back only 20% of your debt in installments of at least $50 per month over at least a 5 year repayment plan. The Government may determine your ability to make these monthly payments using IRS standards for household expenses, which may not be realistic, and do not consider individual circumstances.

Consider the following: if you suffered an illness or injury, you may be forced into a five year repayment plan just because you could not afford health insurance in the first place.

Legal Helpers has helped over 40,000 clients eliminate over $500,000,000 in debt. We provide a combination of affordable fees, highly experienced lawyers and excellent client service. Enjoy free consultations with lawyers answering the phones six days a week and evenings.

Use our free legal evaluator to see if you should contact Legal Helpers