Changes to bankruptcy law effective October, 2005
BAPCPA, the bill that amended the Bankruptcy Code, introduced new barriers to filing and whittled away some of the relief available to debtors. Initial experience with the bill, however, suggests that far more remains the same than has changed.
Some of the changes:
Means test: governs eligibility to file Chapter 7
Super discharge in Chapter 13 shrinks
Stripping liens on cars purchased within 2 1/2 years barred, perhaps
Family law support claims elevated
Interval between bankruptcy cases lengthened
Debtor's duties in bankruptcy expanded
Slide show on new law
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3/2/08