recently by Congress with overwhelming support, the oddly-named Bankruptcy Abuse Prevention and Consumer Protection was to eliminate the" bankruptcy of convenience. "The perceived problem is that many compulsive players, buyers and drug users often run-up huge debts on easily available credit cards with no intention of paying their bills. A relatively easy bankruptcy filing through Chapter 7 of the Federal Republic of bankruptcy code wipes all the debts clean and gives the debtor a fresh start. studies indicate that most people who file for bankruptcy are actually suffering from sudden illness, job loss or other disaster, but the law was just the same, and debtors have to repay at least a part their debt problem if the new law will be held in October 2005.

A provision of the new law, which is not well known is the fact that the law applies to all debts, including debts incurred by the theft of the identity of the debtor. If someone steals your credit card or driver's license, or both, and operates a large number of debts by getting more than you, you will be liable for the debts. Identity theft has become a growing problem in recent years, but the new legislation, everyone should be aware of the problem associated with identity theft. While a determined thief is probably something to steal, a few simple steps can make it harder for someone to steal your identity.:

# Shred your documents. There are many thieves, the kind of trash in search of credit card receipts, invoices and all documents that contain your signature. If you are throwing away financial documents, shred them first. Shredders can be found at any office supply store at a reasonable price.


# Do not give your social security number to a third party, unless it is absolutely necessary. Congress originally intended that the Social Security number not be used as a national identity ", but over the years it has become clear that only. If someone with whom you are doing business asks you your number, inquire as to whether it is absolutely necessary is that they have it. The number may not be required. A thief can be a lot of information about you when your social security number. Guard it carefully.


# No more credit cards with you when necessary. It is rarely necessary, 20 credit cards in your purse or wallet. Go through and see if you can not keep a few in a safe place at home.


# Check your credit report once a year, and look for suspicious entries. It usually takes almost a year for someone to find that their identity has been stolen. Look for loans or large purchases that you do not forget.


# Never use personal financial information, especially credit card numbers to someone you do not know on the telephone.


A few simple steps, practiced regularly, can be downloaded from identity theft. More importantly, these steps you can with the return of thousands of dollars in debt that some thief might run-up in your name. Your identity is your most valuable asset. Protect it carefully.

© Copyright 2007 by Retro Marketing. Charles Essmeier is the owner of Retro Marketing, a company for affiliate marketing and information websites, including the debt consolidator, a website with information about debt consolidation.