A new bankruptcy law went into affect on Monday. That means stricter requirements and more paperwork for those looking to file. Bill Lively, Tyler Attorney says, "The ability to file for bankruptcy has not gone away. They just need to be prepared more when they come and meet with an attorney and need to meet with someone that is somewhat familiar with the new changes because they are pretty significant." The major changes include, debtors will have to get credit, budget and debt management counseling before filing. Also, filers with higher incomes will be required to use Chapter 7, instead of Chapter 13. That means they must repay at least some of their debt. Attorneys will also be affected with the new law change. They will be required to investigate their clients' assets and credit reports.