Bankruptcy Abuse Prevention and Consumer Protection Act of 2005

E297385

The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 is a major U.S. federal law that overhauled bankruptcy rules by tightening eligibility for Chapter 7 liquidation and imposing stricter requirements on consumer debtors.

All labels observed (4)

How this entity was disambiguated

Statements (50)

Predicate Object
instanceOf United States federal statute ⓘ
bankruptcy law reform ⓘ
addsRequirement credit counseling prior to filing ⓘ
financial management education for discharge ⓘ
means test for Chapter 7 eligibility ⓘ
affects Chapter 11 bankruptcy ⓘ
Chapter 12 bankruptcy ⓘ
Chapter 13 bankruptcy ⓘ
Chapter 7 bankruptcy ⓘ
alsoKnownAs 2005 bankruptcy reform law ⓘ
amends Title 11 of the United States Code ⓘ
containsProvision changes to reaffirmation agreement procedures ⓘ
expanded duties of bankruptcy trustees ⓘ
expanded nondischargeability for certain debts ⓘ
limitations on serial bankruptcy filings ⓘ
new disclosure requirements for attorneys ⓘ
priority status for domestic support obligations ⓘ
regulation of bankruptcy petition preparers ⓘ
revisions to homestead exemption rules ⓘ
special provisions for family farmers and fishermen ⓘ
special rules for small business Chapter 11 cases ⓘ
country United States ⓘ
criticizedFor making it harder for consumers to obtain bankruptcy relief ⓘ
dateSigned 2005-04-20 ⓘ
effectiveDate 2005-10-17 ⓘ
enactedBy 109th United States Congress ⓘ
introducedInChamber United States Senate ⓘ
introducesConcept means test based on median income ⓘ
presumption of abuse for higher-income filers ⓘ
jurisdiction federal bankruptcy courts ⓘ
opposedBy many bankruptcy scholars ⓘ
many consumer advocates ⓘ
presidentAtSigning George W. Bush ⓘ
primarySubject business bankruptcy ⓘ
consumer bankruptcy ⓘ
publicLawNumber Public Law 109-8 ⓘ
purpose to curb perceived abuses of the bankruptcy system ⓘ
to encourage repayment of debts under Chapter 13 ⓘ
to tighten eligibility for Chapter 7 liquidation ⓘ
regulates automatic stay in bankruptcy ⓘ
consumer debtors ⓘ
dischargeability of certain debts ⓘ
homestead exemptions ⓘ
priority of domestic support obligations ⓘ
repeat bankruptcy filings ⓘ
treatment of retirement accounts in bankruptcy ⓘ
shortName BAPCPA ⓘ
signedBy George W. Bush ⓘ
supportedBy consumer credit industry ⓘ
many financial institutions ⓘ

How these facts were elicited

Referenced by (8)

Full triples — surface form annotated when it differs from this entity's canonical label.

109th United States Congress → passedAct → Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 ⓘ
United States bankruptcy law → amendedBy → Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 ⓘ
Bankruptcy Reform Act of 1978 → amendedBy → Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 ⓘ
Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 → shortName → BAPCPA ⓘ
linked to: Bankruptcy Abuse Prevention and Consumer Protection Act of 2005
Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 → alsoKnownAs → 2005 bankruptcy reform law ⓘ
linked to: Bankruptcy Abuse Prevention and Consumer Protection Act of 2005
United States Bankruptcy Court for the District of South Dakota → subjectTo → Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 ⓘ
Chapter 13 – Adjustment of Debts of an Individual with Regular Income → amendedBy → Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 ⓘ
United States bankruptcy courts in the Northern District of Georgia → subjectTo → Bankruptcy Abuse Prevention and Consumer Protection Act ⓘ
linked to: Bankruptcy Abuse Prevention and Consumer Protection Act of 2005