Filing bankruptcy got a lot more difficult in the past few years, so much so that many people need to turn to debt management credit counseling services before they can file. The government recently put in place some pretty strong laws that are aimed at stopping abuse of the bankruptcy proceedings.
Now, you cannot file multiple bankruptcies within a short period. You also have to qualify for Chapter 7 bankruptcy, which is total discharge. The qualifications are also very strict. Now, those that may be able to work through Chapter 13, which is debt restructuring are being made to do so. What is this and can it be something beneficial to you?