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Has the “New Law” been effective in reducing the number of bankruptcies filed in Michigan?

Absolutely not. Leave it to the US Congress to just muck up the process with ridiculous course requirements that teach you nothing and a means test that can only be understood by the Einstein’s of the world.

Here are the cold hard facts – these are the actual filings in the Eastern District of Michigan:

2010:     50,503
2009:     51,596
2008:     41,247
2007:     34,587
2006:     25,052
2005:     65,778
2004:     46,825

Clearly we file more cases now than we did in 2004 when Congress took
action to stem the “bankruptcy abuse”.