BANKRUPTCY REFORM ACT
The 2005 Bankruptcy Reform Act is going to make it even harder for consumers to clear
their debt. Bankruptcy attorneys promise consumers the ability to clear debt while holding
on to assets such as a home or car. These are unrealistic promises because bankruptcy
causes as many problems as it solves.
Basically, the Bankruptcy Reform Act favors the creditors over the debtors. It will make it
harder for families and individuals to file for bankruptcy--no matter what the circumstances
may be. In recent years, we've seen the credit card companies become more and more powerful,
and the Reform Act is going to strengthen their hold on consumers.
As it is, the system already benefits the creditors: millions of people are in debt and their
debts are growing. Millions of people live off of credit cards, the effect of which is a
debtor's epidemic. The new Reform Act will benefit the creditors even more as it treats all
bankruptcy cases as equally delinquent. At New Era Debt Solutions, we hate to see creditors win such a victory,
but it will make us work even harder for consumers.
FIGHTING THE GOOD FIGHT
We can help you get out of debt without ever having to face the new restrictions imposed by the
Bankruptcy Reform Act. We'll settle your debts and help take away the overwhelming stress
associated with the dark cloud of debt. We can help cut your debts significantly so that your
remaining payments will go towards the debt, rather than the interest. This could amount to tens
of thousands of dollars in interest payments over the coming years. Think of New Era of as your
advocate in these financially difficult times.
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