What are the new rules for filing bankruptcy and does filing eliminate all debt?

What are the new rules for filing bankruptcy and does filing eliminate all debt?

The Answer : I do not agree with Marie's advice.If you are currently working and have some income, you probably will not qualify for chapter 7 anyway, and you could end up losing your home, auto, or other property. You need to discuss your options with a bankruptcy attorney. Only after examining your situation can any recommendation be made. As for the new rules, you must meat a "means" test to see if you qualify. If it's determined that you make too much money, and your dept ratio is not that high, you will not be allowed to file.The filing fees are a lot higher.You now have to complete budget management course (on your own dime). If you can't afford to consult an attorney then do some research on the net. I'm not sure how much info is available on the new rules yet though.Good luck, I've been there.