subject: Bankruptcy Changes For Lawyers [print this page] Bankruptcy Changes For Lawyers Bankruptcy Changes For Lawyers
An experienced Riverside bankruptcy attorney has likely seen a variety of different clients while processing bankruptcy paperwork. Each Riverside bankruptcy attorney has probably had his or her fair share of difficulty especially after the implementation of the Bankruptcy Abuse Prevention Consumer Protection Act of 2005. This act put extra pressure on each individual Riverside bankruptcy attorney. This pressure had a range of different affects. The Bankruptcy Abuse Prevention Consumer Protection Act tightened up on existing bankruptcy practices in order to make it more difficult for people who did not really need it to abuse the opportunity that bankruptcy affords. At the same time, it was also intended to protect the consumers that were in dire need of federal bankruptcy. As such, bankruptcy attorneys had to be held to a greater level of responsibility than they had in the past prior to enactment of the new bankruptcy legislation. For example, bankruptcy attorneys would now be required to conduct thorough background checks with regard to a client's financial history. They had to certify that the claims that their clients made could be substantiated with official documentation. Unfortunately, this placed a burden on the shoulders of some bankruptcy attorneys. A burden that some were simply not willing to carry. These attorneys gradually migrated to practice other areas of the law. Those that decided to stay in the field managed themselves by increasing their fees, hiring extra staff or shuffling around their current staff to accommodate for the extra research and fact checking responsibilities. Some of the difficulties might come into play when clients are less than honest and forthcoming about their financial situations. Worse yet, suppose the routine fact checking reveals that the client has outright lied. It becomes the attorney's job to take a moral stand and demand honesty. If he or she fails to do so then they could face penalties in the form of fines.
