new bankruptcy laws that were recently passed made filing bankruptcy far less advantageous and more difficult to qualify for. As a result of these new bankruptcy laws other debt relief methods have come about one of which is debt settlement.

Filing for bankruptcy used to be the easiest option to eliminate debt and get a new financial start. With these new laws however other debt relief options such as debt settlement have become much more financially attractive.

While congress is attacking the debt settlement industry for unethical practices they are conveniently forgetting that the core problems originated with the passage of the new bankruptcy laws. These laws make debt settlement a viable option.