Asked by Jessica Green on May 17, 2024
Verified
The United States Congress made comprehensive changes to bankruptcy law in the ________.
A) Bankruptcy Amendments of 2005
B) Bankruptcy Fraud Protection Act of 2007
C) Bankruptcy Abuse Prevention and Consumer Protection Act of 2005
D) Bankruptcy Fraud and Consumer Shield Act of 2006
E) Insolvency Protection Amendments of 2006
Bankruptcy Law
The area of law dealing with situations where individuals or entities cannot repay their debts and seek relief through legal proceedings.
Bankruptcy Abuse Prevention and Consumer Protection Act
A U.S. law enacted in 2005 aimed at curtailing bankruptcy filings considered abusive and providing better consumer protections.
- Understand the importance of the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 within the framework of bankruptcy proceedings.
Verified Answer
AN
Aleka NicoleMay 18, 2024
Final Answer :
C
Explanation :
The United States Congress revised the Bankruptcy Code through the Bankruptcy Abuse Prevention and Consumer Protection Act (BAPCPA)of 2005 This revision included the most comprehensive changes to bankruptcy law in over twenty-five years.
Learning Objectives
- Understand the importance of the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 within the framework of bankruptcy proceedings.
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