can you still file for bankruptcy during a recession in america?

anyones help is appreciated, no half *** answers like "LOLOL nopez"

4 Answers

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  • Anonymous
    1 decade ago
    Favorite Answer

    yes, you can apply for BK, the bankruptcy law\ remains the same in times of recession. More people apply for BK during recession.

    Recently a new bankruptcy law was introduced and made drastic changes in the laws regarding the filing bankruptcy. This article will explain the major changes brought about by this law.

    According to the new bankruptcy law, a person filing bankruptcy must undergo credit counseling with an agency authorized by the office of the Trustee of the United States. Once the bankruptcy case is over, filers must undergo another counseling session to learn personal financial management in more detail.

    http://debt-trap.com/category/New-Bankruptcy-Law-G...

  • 1 decade ago

    Bankruptcy laws are the same during a recession as they are any other time. Congress may change the law from time to time, but a recession does not change the rules.

  • Anonymous
    6 years ago

    You should take a look at the options you can find at: CREDIT-SOLUTIONS.INFO-

    RE Can you still file for bankruptcy during a recession in america?

    anyones help is appreciated, no half *** answers like "LOLOL nopez"

  • Anonymous
    1 decade ago

    yes you can people are filing every day right now

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