San Diego Bankruptcy Lawyers at Golden State Law Group Alert Public to Important October Deadline

SAN DIEGO, CA--(Marketwired - Jul 31, 2013) - The San Diego bankruptcy lawyers at the Golden State Law Group have helped consumers and businesses that have encountered serious financial difficulties work through them with several different strategies that have included filing for bankruptcy protection under Chapters 7, 11 and 13 of the United States Bankruptcy Code. The firm has also helped people deal with debt negotiation and has helped them handle tax debt. The attorneys at the firm hereby alert the public of a forthcoming date on the calendar that could lead to additional options for people who have been struggling with their finances.

Specifically, this date is October of 2013, at which point it will have been eight years since the Bankruptcy Abuser Prevention and Consumer Protection Act of 2005 was enacted into law. The statute changed many of the standards and requirements for filing for bankruptcy protection, and among those changes were requirements for a waiting period for filing for bankruptcy protection for at least the second time.

According to the statute, people who have obtained a discharge under the standards set out by Chapter 7 of the United States Bankruptcy Code must wait for at least eight years before seeking bankruptcy protection under the same chapter. The statute lays out this required waiting period in Section 727(a)(8). Given that many people filed for bankruptcy protection under Chapter 7 of the Bankruptcy Code in the weeks before this statute was enacted, that eight-year waiting period will expire for many people in October of 2013.

As a result of the lapsing of this eight-year waiting period, the San Diego bankruptcy lawyers at the Golden State Law Group would like to make people who have been struggling with their finances since 2005 but who have been unable to file for additional protection because of this waiting period aware of this forthcoming expiration. The passing of this time period will allow many people to file for Chapter 7 protection once again. The firm also encourages anyone who has been struggling with their finances to seek the help of experienced professionals who can help them analyze their situation and help them identify a path to financial recovery.

About the Golden State Law Group

The Golden State Law Group is a law firm in San Diego, California that's comprised of a team of San Diego bankruptcy attorneys who provide legal help to consumers and businesses. Specifically, the attorneys at the firm provide help to consumers in the legal areas of student loan debt problems, medical bill issues, consumer bankruptcy, business bankruptcy, tax debt issues and personal injury cases.