Posted by Walter Benenati | Bankruptcy, Chapter 13 Bankruptcy, Chapter 7 Bankruptcy
The Bankruptcy Abuse Prevention and Consumer Protection Act In 2005, Congress passed the Bankruptcy Abuse Prevention and Consumer Protection Act (BAPCPA), which heralded a major reform to the bankruptcy system in the United States. As the name implies, the BAPCPA had two main objectives: To prevent people in debt—individual consumers—from abusing Chapter 7 as a …