Did 2005’s BAPCPA Really Make It Harder to File Bankruptcy?

The Associated Press yesterday released its findings on the recent surge in bankruptcy filings throughout the country. Despite a series of changes to the Bankruptcy Code in October of 2005 which were intended to make it harder for individuals to file bankruptcy and discharge their debts, the report finds that on the contrary, filings — particularly Chapter 7 filings — are on a dramatic rise across the country [more] . . .

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Bankruptcy Change in the News

President Obama has announced his support for several changes to existing bankruptcy law. These changes should assist those people who have been caught-up in the economic turmoil that is now referred to as “the Great Recession.” The changes are also aimed at stemming the tide of foreclosures throughout the country . . .

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