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| ''There has been some undue alarm about what the effect of the law is going to be," Morse said. ''For people under the median income, there isn't going to be much change. And even if people have to file Chapter 13, it's still extraordinary relief, often just 10 to 15 percent of what you owe." The process, which in many respects mirrored corporate bankruptcy, allowed them to come up with a creditor-reviewed and court-approved plan to write off some of their debts, pay off others, and reorganize their personal finances so they could make a fresh start.
| massachusetts bankruptcy laws- New law's 'means' test just mean, bankruptcy experts say
   - In high dudgeon over bankruptcy legislation thatīs just sailed through the U.S. Senate, Bob Hammerle recently shared the latest in a series of mailings from a credit card company to his wife and fellow prominent Indianapolis attorney, Monica Foster.
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