Asked by abdulbaset charsi on Jul 26, 2024
Verified
The Bankruptcy Abuse Prevention and Consumer Protection Act (BAPCPA)of 2005 included only minor changes to bankruptcy law.
Bankruptcy Abuse Prevention and Consumer Protection Act (BAPCPA)
A law enacted in 2005 to reform bankruptcy law, making it harder to file for Chapter 7 bankruptcy and requiring a means test for eligibility.
Bankruptcy Law
The body of laws that governs the process by which individuals or entities unable to repay debts to creditors may seek relief through the division of assets among creditors or the creation of a repayment plan.
- Understand the specifics of the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005.
Verified Answer
Learning Objectives
- Understand the specifics of the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005.
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