http://www.bankruptcylawnetwork.com/2007/01/28/top-15-myths-about-the-new-bankruptcy-law/ Real Lawyers, Real Solutions Thu, 11 Mar 2010 21:25:57 -0700 http://wordpress.org/?v=2.9.2 hourly 1 http://www.bankruptcylawnetwork.com/2007/01/28/top-15-myths-about-the-new-bankruptcy-law/comment-page-1/#comment-58 How Will the New Bankruptcy Law Affect Me? at Bankruptcy Law Network Mon, 19 Feb 2007 13:31:26 +0000 http://www.bankruptcylawnetwork.com/2007/01/28/top-15-myths-about-the-new-bankruptcy-law/#comment-58 [...] On October 17, 2005, the misnamed “Bankruptcy Abuse Prevention and Consumer Protection Act” (BAPCPA) went into effect. It is misnamed because it will do little to prevent bankruptcy abuse, while being the most anti-consumer law passed in the last 25 years. As Bankruptcy Judge Frank Monroe put it in a recent case, “the legislation’s adoption in its title of the words “consumer protection” the “grossest of misnomers.” The new law does not prevent bankruptcy (see Top 15 Myths About the New Bankruptcy Law.) It does, however, make a number of changes in how people file and the procedures during their cases. [...] [...] On October 17, 2005, the misnamed “Bankruptcy Abuse Prevention and Consumer Protection Act” (BAPCPA) went into effect. It is misnamed because it will do little to prevent bankruptcy abuse, while being the most anti-consumer law passed in the last 25 years. As Bankruptcy Judge Frank Monroe put it in a recent case, “the legislation’s adoption in its title of the words “consumer protection” the “grossest of misnomers.” The new law does not prevent bankruptcy (see Top 15 Myths About the New Bankruptcy Law.) It does, however, make a number of changes in how people file and the procedures during their cases. [...]

]]>