Morgan Law Firm won’t close its doors next October, when the 2005 Bankruptcy Reform Act goes into effect, but attorney Dan Morgan won’t be filing any more personal bankruptcy cases.
“I won’t be doing bankruptcies after Oct. 16. I’m going to find another line of work,” he said.
Morgan’s reasons are as basic as the new law is complicated. The new rules on personal bankruptcies will be so onerous and uncertain, the process so expensive, convoluted and fraught with risk for both himself and his clients that his best option is to call it quits, he said.
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