Bankruptcy Abuse Prevention and Consumer Protection Act of 2005

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Bankruptcy Abuse Prevention and Consumer Protection Act of 2005

United States legislation that made it more difficult to file Chapter 7 bankruptcy, instead encouraging Chapter 13. It requires persons with incomes over the median income in their state to calculate their incomes relative to what are considered reasonable expenses. Those with incomes over a certain amount are not allowed to file Chapter 7, which would forgive all debts not repaid. This and some other provisions in the bill were specifically designed to make it more difficult to file bankruptcy in the United States.

References in periodicals archive ?

Note, "Debt Relief Agencies:" Does the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 Violate Attorneys' First Amendment Rights?

The Eighth Circuit loosens the grip of the bankruptcy gag rule, but holds attorneys to advertising disclosure requirement: Milavetz, Gallop & Milavetz, P.A. v. United States

The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 initially reduced the number of individual bankrupt cy filings, but that reduction appears to be temporary.

Bankruptcy law in difficult economic times

He pointed out that he was one of the few Democrats in Congress to vote for the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005.

Legislative conference 2006

For these, and numerous other issues related to the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (Bankruptcy Act) and its impact on current practices, businesses and financial advisors can now look to 2005 Bankruptcy Revisions: Implications for Businesses and Financial Advisors.

2005 Bankruptcy Revisions: Implications for Businesses and Financial Advisors

The recent passage of the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 is the culmination of more than a decade of bankruptcy reform debate in Congress.

Good advice (Bankruptcy Abuse Prevention & Consumer Protection Act of 2005): what you need to know about the Bankruptcy Act of 2005

DAYTON, Ohio -- Nearly one year has passed since enactment of the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (Oct.

LexisNexis CourtLink Data Shows 2006 Chapter 7 Figures 71% Less Than 2004; LexisNexis Bankruptcy Expert Addresses Law One Year Later

The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (referred to hereafter as the Reform Act) included provisions to better inform individuals who file for personal bankruptcy about their options for reaffirming debt--whereby filers may voluntarily agree to pay certain creditors in an effort to retain assets, such as an automobile.

Bankruptcy: Implementation of Reform Act's Debt Reaffirmation Agreement Provisions

This new version of the company's popular program for bankruptcy filings has new and amended forms to comply with the Interim Rules and Official Forms implementing The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005.

BlumbergExcelsior's New Bankruptcy Software and Online Forms Comply with BAPCPA

0, Blumberg's bankruptcy software with new and amended forms to comply with the Interim Rules and Official Forms implementing The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 is excluded from this sale.

BlumbergExcelsior Announces Law Office Software Sale

The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (BAPCPA) is the most sweeping reform of the laws and regulations on bankruptcy in decades.

Nationwide Financial Solutions Sponsors Bankruptcy and Consumer Debt Education By Offering Free Web Resources

DAYTON, Ohio -- With the extensive changes brought about by the recently enacted Bankruptcy Abuse Prevention and Consumer Protection Act of 2005, the legal community, including business and consumer bankruptcy practitioners, is facing a great deal of uncertainty about the impact of this sweeping legislation.

LexisNexis Addresses 2005 Bankruptcy Act with Updated Edition of Collier on Bankruptcy; Collier on Bankruptcy, Which is the Most Frequently Cited Bankruptcy Treatise, Addresses Questions and Issues Raised by the New Bankruptcy Act

October 17, 2005 the new Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 went into effect.

James McMahon, Senior Vice President of Lending, Financial Partners Credit Union, Comments on The New Bankruptcy Law -- How Will it Affect You