Bankruptcy Judges Retained Because of Need in Bankruptcy Courts
The U.S. Senate voted last week to extend the time limit for 29 temporary bankruptcy judge positions that had expired. The bill was proposed to avert a crisis within America’s bankruptcy courts. Proponents say that it is worth the $16 million to pay for the temporary judges to remain because people and businesses across the country are in need of bankruptcy relief. Those in San Diego who are facing serious financial difficulties will be relieved to hear from their bankruptcy lawyer that filing is still an option and the bankruptcy courts will be able to continue functioning as normal.
In order to get the bill passed through the Senate, the original bill that went through the house was amended. The 29 temporary bankruptcy judges positions that were extended for another five years in the House version were still included, but in order to pay for that, the Senate raised the current bankruptcy filing free of $1000 to $1,167. It is anticipated that the amended bill will easily pass through the house.
Senator Chris Coons of Delaware, who sponsored the bill, said that his office received calls from lawyer after lawyer and business leader after business leader who said that the bill was very much needed and that it is very important that people have access to bankruptcy courts that are fully functional. For many people, bankruptcy provides them with the only option that they have to get out of debt and start anew. In addition, for many creditors, bankruptcy affords them the best opportunity for receiving payment.
Coons also pointed out that having functioning bankruptcy courts is actually good for the economy and good for the nation. Because bankruptcy judges can help to stipulate what requirements must be met in the bankruptcy, they often help to turn a business that is headed for disaster into a successful enterprise. That, in turn, protects both creditors and workers. When creditors receive payment and employees are working, that enable’s our nation’s economy to thrive more fully.
If you are facing more debt than what you can pay or if you own a small business in the San Diego area that is just not making it, it may be time to consider whether or not bankruptcy is an option for you. Discussing your situation with an experienced San Diego bankruptcy lawyer can help you to understand your options and your rights. If you and your lawyer decide that filing for bankruptcy is in your best interest, your lawyer will help you to file for the kind of bankruptcy that is best for you. Contacting a San Diego bankruptcy lawyer can mean a fresh start and a debt-free future.
Gupta Legal Center in San Diego is a law firm focused on bankruptcy, foreclosure, litigation, and personal injury cases. When you need a qualified San Diego bankruptcy lawyer or personal injury lawyer, we provide you with a free initial consultation. Our expertise in the legal and business worlds means you get cost-effective, practical legal counsel from the Gupta Legal Center. Contact us today at 619.866.3444 or visit us online at www.guptalc.com.
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