If You Filed Bankruptcy Just Before the 2005 “Reform,” You Now Can, or Likely Soon Will Be Able to, File Again
After filing bankruptcy, you hope you never have to do that again. But it’s good to know that you can if you need to.
BAPCPA
Are you eligible for Chapter 7 Bankruptcy Protection?
In late 2005, the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 was enacted into law. Among other things, this act requires a "means test" to see if debtors qualify for Chapter 7 bankruptcy relief. The means test examines your monthly income and expenses and compares them to the median income in and around…
Requirements for debt relief agencies
The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 requires: (a) A debt relief agency shall... (1) not later than 5 business days after the first date on which such agency provides any bankruptcy assistance services to an assisted person, but prior to such assisted person's petition under this title being filed, execute a…