One change made is there i Changes Made to Bankruptcy Laws The landscape of filing for bankruptcy has been changed dramatically with the implementation of the new bankruptcy laws. Understanding Bankruptcy Laws Before Filing August 26, 2008 · Filed Under Debt Advice · Comment by William Blake The new bankruptcy law is even harsher that the old one, which was established in 1978. It tightens the requirements of those who are filing for bankruptcy and for the attorneys that are helping them. Moreover, asking your lender whether a rate if fixed or adjustable is important when you're on the look out for the best mortgage rate. Remember that adjustable rates, despite their low interest rates, might not have the best mortgage rates. Adjustable rate mortgages only have low interest rates in their first year, after which, rates either tend to go up or go down.
