The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (BAPCPA) was brought about due to the presumption that a large proportion of bankruptcy filers were abusing the bankruptcy system. In order to stop this “abuse”, the BAPCPA put into place the new Means Testing requirement. Also put into place was a requirement to review […]

The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (”BAPCPA”) was created under the guise that most bankruptcy filers were taking advantage of our lax bankruptcy laws. Of course it was no surprise that the supporters of the reform were credit card companies that lost revenue from the most filings due to their own […]