What Congress Didn’t Learn from BAPCPA

As every consumer bankruptcy attorney knows, in 2005 Congress bowed down to ten years of pressure from the financial services industry and passed the Bankruptcy Abuse Prevention and Consumer Protection Act (BAPCPA).  Whether purchased or persuaded, lawmakers listened to the industry that was already in the process of creating one of the greatest financial crises in U.S. history and built …

Congress Finds BAPCPA Ineffective?

From the Bankruptcy Lawyers Blog. Late last week, the Congressional Research Service, the public policy arm and “Congress’ think tank,” released a report entitled “Consumer Bankruptcy and Household Debt” which focused on the effect of its 2005 Bankruptcy Abuse Prevention and Consumer Protection Act (BAPCPA) in reducing consumer bankruptcy filings. As we all know, filings have increased every calendar quarter …