Bankruptcy Abuse Prevention and Consumer Protection Act of 2005

Bankruptcy Abuse Prevention and Consumer Protection Act of 2005
Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (BAPCPA)
USA
Extensive amendments to the Bankruptcy Code signed into law on April 20, 2005, which generally became effective on October 17, 2005. These amendments have in general disadvantaged debtors and shifted leverage on various important restructuring matters to creditors, while restricting or eliminating judicial discretion on a wide range of issues.

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

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  • Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 — Bankruptcy Abuse Prevention and Consumer Protection Act (BAPCPA) of 2005 This legislation primarily affects consumer filings, making it more difficult for a person or estate to file for Chapter 7 bankruptcy. The BAPCPA impacts business filers as… …   Glossary of Bankruptcy

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