HOME EMAIL ME ABOUT ME LAWYERS GENERALLY Specialist v. Generalist Big Firm/Small Firm Billing Costs of a Lawyer DISPUTES / LITIGATION Mediation Arbitration Commercial Litigation Bankruptcy Litigation Estate / Will Contests CORPORATE Executives/Employees Stock Option/Compensation Non-Compete Agreements Purchase/Sale of Business Entrepreneurial Ventures GAY/LESBIAN RIGHTS Buying property together Being in business together Wills & Estate Planning Health Care Proxy Burial Rights Marital Rights Tenant Apt. Succession 'Divorce' & Splitting up ESTATES Probate Estate Litigation Estate Tax law REAL ESTATE WILLS & ESTATE PLANNING Simple Wills Health Care Proxy Testamentary Trusts Inter Vivos Trusts Estate Tax Challenging Wills BANKRUPTCY Creditors Debtors BRIAN M. DELAURENTIS Attorney at Law 36 West 44th Street, Suite 610 | New York, New York 10036 | tel 212.354.6300 fax 212.954.5081 | Brian@DeLaurentisLaw.com Bankruptcy Debtors and Creditors The bankruptcy laws have dramatically changed since 2005. Unfortunately, Congress altered the law in such a distorted fashion that credit card companies can charge interest rates as high as 30% with no way out for virtually all debtors. Quite honestly, Congress so distorted the system that I no longer represent debtors because I see no value in filing virtually anyone for bankruptcy at this point. New laws are sorely needed that will permit debtors to recover and curb creditor interest rate abuse. If you are a creditor of someone who has filed for bankruptcy, please feel free to contact my office. Creditors can and do recover money owed them by bankrupt debtors in many instances, and I have represented several creditors that successfully recovered at least part of the debt owed them.