Asked by Allison Mcintee on Jul 15, 2024
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Under the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (BAPCPA),Congress created a system that would require more debtors to file under Chapter 7 rather than Chapter 13.
Bankruptcy Abuse Prevention
Part of the legal measures designed to prevent misuse of bankruptcy laws, including provisions to ensure that filings are genuine and to deter fraudulent or reckless bankruptcy claims.
Chapter 7
A provision of the bankruptcy code in the United States that provides for "liquidation," whereby a debtor's non-exempt assets are sold and the proceeds are used to pay creditors.
- Attain knowledge on the duties and workings involved in diverse bankruptcy chapters.
- Define the eligibility parameters for several types of bankruptcy claims.
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Learning Objectives
- Attain knowledge on the duties and workings involved in diverse bankruptcy chapters.
- Define the eligibility parameters for several types of bankruptcy claims.
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