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There are some who would propose that the restrictions imposed on chapter 7 bankruptcy laws by new guidelines actually are a good long-term solution to the debt issue.  Many claim that there are those who file under chapter 7 bankruptcy laws in an unwarranted manner.  It’s felt that perhaps people are taking an easy way out and deliberately avoiding creditors.  Supporters of the new regulations claim that the move away from Chapter 7 toward Chapter 13 encourages more personal responsibility in seeking to properly manage finances.

There are additional filing requirements under the new chapter 7 bankruptcy laws.  These include fewer automatic protections, such as the stopping or delay of evictions, child support, etc.  Mandatory credit counseling is also asked of filers under Chapter 7 bankruptcy laws.  Once the course is complete, they must also undertake a financial management course, as well.  More filings have been hit by increases in attorney fees under the new act.