Kenneth Meyers File Quotations

Under the new law before anybody can file for bankruptcy they will have to go through credit counseling through a credit counseling agency. And that's an agency approved by the U.S. Trustees office,

That will have to take place through the Internet or by telephone, which will create a hardship. The way I understand it these agencies are supposed to explain how people can pay their debts outside of bankruptcy, ... And in order to file you now have to have a certification that you have completed the credit counseling.

You try to come up with a reasonable fee for the amount of work the attorney does, ... That fee has been $2,200 and it will now increase to $3,500. So, it is going to be more expensive to file bankruptcy beginning next week.