July 23, 2008
The Bankruptcy Abuse Prevention And Consumer Protection Act Of 2005
The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 made some large and radical changes to the law of Bankruptcy Services in the United States.
While the act was intended to protect creditors from being victimized by those who abused the system of discharging debts in a Chapter 7 bankruptcy filing, it actually hasn't made it that much more difficult to qualify.
There are extra hoops to get through though which require debt counseling and credit management certification both before and after a person files.
While fees are actually higher, those whose income is below the federal poverty level qualify for waived fees.