As a resident of WAshington D.C. currently debating whether or not you should file for bankruptcy, you may also be wondering what your eligibility is. We at Ammerman & Goldberg will highlight the major changes that bankruptcy law has undergone over the last decade and how that might impact your qualifications.
Changes for Chapter 13 bankruptcy primarily involve the additional need for credit counseling. You must also finish a personal finance management course in order to file for either type of bankruptcy. These additional steps may have been put in place to help you avoid the bad habits that led to you filing for bankruptcy in the first place, thus preventing you from falling into debt a second time. Though it's additional effort and more hoops to jump through, it's designed to benefit you in the end.