Bankruptcy Filing Deadline Sunday

When Monday morning hits, bankruptcy laws throughout the US will be much different.
The new laws will make it much more difficult for people and businesses to file for bankruptcy.
Before the change takes place, people have been filing in record numbers throughout the country and the rush has been felt here in the Chippewa Valley.
The Federal Court Building in Eau Claire is one of the three places in the state of Wisconsin you can file for bankruptcy.
And the new law that comes into affect on Monday will make filing more difficult and more expensive.
In response to that, clerks at the Eau Claire District say more people than usual have filed for bankruptcy this year and bankruptcy lawyers are much busier as well.
Local bankruptcy attorney Peter Herrell says he has three times the normal amount of customers and many others stopped taking clients.
Herrell says the rush to file is not necessarily the law change but the fear of the unknown.
"People are not sure how the law will shake out, it could take a year or two before we know, but people definitely understand what they're dealing with now," Herrell said.
There are numerous changes to the law, which adds to the confusion.
Herrell added that little has been advertised about the changes by lawyers on television and radio making him a little surprised by the spike in clients.
People can also file for bankruptcy through the Western District's website using bankruptcy software.


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