National rules for bankruptcy were overhauled by federal legislation in 2005. The new law means that bankruptcy is no longer a guaranteed path to a fresh start and relief from heavy financial burdens. To declare bankruptcy, one must now meet more rigorous standards to prove one’s inability to deal with debt and wipe one’s slate [...]

AkBar A. Shabazz
He is a member of the national advisory council for the Project 21 black leadership network and president of Shabazz Enterprises.