The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005
The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005

Author: Stephen J. Carroll

Publisher: Rand Corporation

Published: 2007

Total Pages: 75

ISBN-13: 0833041835

DOWNLOAD EBOOK

The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (BAPCPA) requires that debtors filing for bankruptcy whose monthly income exceeds the median income for their household size in their state use the IRS expense standards rather than their current expenses to calculate their monthly disposable income (MDI). This report assesses this new requirement's effects on debtors and the courts.

Bankruptcy Law
Bankruptcy Law

Author: Sandra Coaxum Allen

Publisher: Infobase Publishing

Published: 2009

Total Pages: 101

ISBN-13: 1438105924

DOWNLOAD EBOOK

More than 1 million U.S. households declared bankruptcy in 2004. Alarmed by rising defaults, the nation's lenders and political leaders alike set out to reform laws that clear away debt. To some, reforming these laws will put a lid on irresponsible consumer spending sprees. But some consumer advocates argue that banks and credit card issuers have only themselves to blame for marketing and supplying ill-advised loans. Is this political action timely consumer protection or an unwarranted corporate bailout? Bankruptcy Law covers these issues and more, examining each from different perspectives.