On 28 Apr 2005 at 19:23, Wayne Johnson wrote: > At 04:56 PM 4/28/2005, Marc Sims typed: > >But the new bankruptcy law is in effect and now no one can claim bankrupcy > >to erase their debts. So in this case that's already a prison term enough > >just to be chained to your debt until you pay it in full. ;-) > > You'd better get your facts straight. No new laws have gone into effect > yet and even when it does one can claim chapter 7 like always but most [NOT > ALL] will have to file chapter 13 [Reorganization].
Just so. The act became law on April 17th and its last section specifies: ...this Act and the amendments made by this Act shall take effect 180 days after the date of enactment of this Act. So that works out to be October 17th. /Bernie\ -- Bernie Cosell Fantasy Farm Fibers mailto:[EMAIL PROTECTED] Pearisburg, VA --> Too many people, too few sheep <-- -- ---------------------------------------- The WIN-HOME list is hosted on a Windows 2000(TM) machine running L-Soft international's LISTSERV(R) software. To unsubscribe, write to [EMAIL PROTECTED] If you have questions about the list, write to [EMAIL PROTECTED]
