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 ?

A full transcript of the Web cast--titled "Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (BAPCPA)"--can be accessed at www.taxtalktoday.tv/index.cfm?page=5.71.

Tax Talk Today[R] Web cast covers Bankruptcy Abuse Prevention, Consumer Protection

The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 ("BAPCPA") presented sweeping changes to the Bankruptcy Code.

Chapter 7 is alive and well despite the "means test": a government report reveals that the "means test," which was rumored to render Chapter 7 bankruptcies largely unavailable back in 2005, only affects debtors in a small percentage of bankruptcy cases

The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (Bankruptcy Reform Act) made significant changes to the administration of bankruptcy relief, affecting (1) the U.S.

Bankruptcy Reform: Dollar Costs Associated with the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005

Under the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005, individuals hoping to file a petition in U.S.

Missteps can cause headaches galore

The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (the Act) was signed into law on April 20, 2005, with the explicit intent of discouraging filings under the Bankruptcy Code.

The bankruptcy reform Act of 2005: a new landscape

This edition includes S corporation changes that resulted from the American Jobs Creation Act of 2004, the new domestic production deduction, provisions on deferred compensation, and Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 changes to retirement plans and IRAs.

Practical guide to S corporations, 3d ed

The Service has issued a fact sheet (FS-2005-18) reminding debtors of their new responsibilities under the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (P.L.

New bankruptcy law

In light of cases like Havoco and Cuneo, it is no surprise that the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (3) includes provisions to reduce eve-of-bankruptcy homestead maneuvering.

How does the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 affect Florida homestead? Many unanswered questions

Borges spoke of some of the changes to preferences in the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005. "NACM really pushed for the ordinary course of business," Borges said, referring to the preference defense change in the law that benefits creditors.

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