|
Updates for Thank you for ordering Personal Financial Choices: Setting a New Course from Visa and the Federal Citizen Information Center. Major changes to bankruptcy legislation not covered in Personal Financial Choices are proposed to go into effect mid-October 2005. The major changes include implementation of a “means test” to determine whether a debtor is eligible for chapter 7 (liquidation) or must file under chapter 13 (wage-earner repayment plan). For up to date information on the new Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (BAPCPA) visit the United States Trustee Program. The following sections of Personal Financial Choices do not reflect the new bankruptcy regulations: Part 3: The Basics of Credit Management, Lesson 6: Is there Life After Chapter 7 Bankruptcy? (pages 67-80) does not reflect up-to-date information on your right to free annual credit reports as a result of modifications to the Fair Credit Reporting Act. For more information on the free annual credit reports visit: Fair Credit Reporting Act, AnnualCreditReport.com, and Your Credit Scores. Part 4: Additional Resources. Some of the resources in the web site section, pages 81-83, are no longer available. Here are the most up-to-date URLs:
The Federal Citizen Information Center believes the basic money management and credit information contained in this publication is still accurate and up-to-date. Personal Financial Choices is a valuable handbook that will provide guidance on the basics of money management, developing a workable spending plan, smart shopping, credit management and more to help keep your financial life on track. For even more information on financial and money-related topics, please visit www.MyMoney.gov. Personal Financial Choices (PDF version) |