Bankruptcy
Jun. 3, 2006
New Bankruptcy Law Increases Burden on Financially Strapped
Forum Column - By Magdalena Reyes Bordeaux - The Bankruptcy Abuse Prevention Consumer Protection Act was signed into law by President Bush on April 20, 2005, and became effective on Oct. 17, 2005.
By Magdalena Reyes Bordeaux
The Bankruptcy Abuse Prevention Consumer Protection Act was signed into law by President Bush on April 20, 2005, and became effective on Oct. 17, 2005. Supporters of the new law claimed that it was needed to stem the rising tide of bankruptcies and curb perceived abuses by consumers filing for bankruptcy even when they had the ability to repay their d...
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