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Tag Archives: reform

New Bankruptcy Law

Tuesday, December 16, 2008

The passage of 2005’s Bankruptcy Abuse Prevention and Consumer Protection Act (AKA “BAPCPA”)…is what’s commonly called the “new bankruptcy law,” even though it was more a collection of laws.
BAPCPA brought sweeping changes to who could file for bankruptcy.
Primarily, it introduced a complicated “means test” that now disallows many high income debtors to file for Chapter [...]

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Bankruptcy, Republicans, and Democrats

Tuesday, October 28, 2008

According to the clerk’s office of the Eastern District of Virginia….recent years have seen a resurgence, with 5,448 Chapter 7 bankruptcies already finalized this year.
This post discusses how bankruptcy reform came to pass in 2005 in D.C. And it mentions that while bankruptcy rates intially fell after BAPCPA’s enactment in 2005….
http://connectionnewspapers.com/article.asp?article=320935&paper=63&cat=104

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