Report Shows Bankruptcy Reforms Raised Costs For Consumers and Creditors

more+
less-
May 14 (Bloomberg Law) -- Lois Lupica, professor of law at the University of Maine School of Law and Counsel at Thompson & Knight, talks with Bloomberg Law's Lee Pacchia about a recently released report showing how reforms passed in 2005 have impacted the consumer bankruptcy system. According to Professor Lupica the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (BAPCPA) has resulted in higher costs for consumers who wish to file for bankruptcy and, consequently, lower returns for creditors.

Embed Video

Copy

Written by:

Published In:

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Bloomberg Law | Attorney Advertising

All the intelligence you need, in one easy email:

Great! Your first step to building an email digest of JD Supra authors and topics. Log in with LinkedIn so we can start sending your digest...

Sign up for your custom alerts now, using LinkedIn ›

* With LinkedIn, you don't need to create a separate login to manage your free JD Supra account, and we can make suggestions based on your needs and interests. We will not post anything on LinkedIn in your name.
×
Loading...
×
×