Kinnopio

New Concerns

February 19th, 2008 by admin

 

In 2005, the Bankruptcy Abuse Prevention and Consumer Protection Act (BAPCPA) became law.  The effect it has on Chapter 7 bankruptcy laws is significant, and was brought forth by banks and other institutions seeking to eliminate issues with consumers who file abusively under Chapter 7 bankruptcy laws.  Under the new laws, it now appears to be more difficult for individuals to file for Chapter 7 – a move which has been criticized by some, and encouraged by others.

 

Posted in Finance :: Mortgage & Debt

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