Bankruptcy FAQ

Back to the First Page About the Law Offices of Mark Seff Learn What You Can Do about Bankruptcy Description on What We Do with Family Law Directions on How to Get to Our Law Office Multiple Ways to Get in Touch with Us Back to the First Page About the Law Offices of Mark Seff Learn What You Can Do about Bankruptcy Description on What We Do with Family Law Directions on How to Get to Our Law Office Multiple Ways to Get in Touch with Us


Mark A. Seff
Attorney At Law
601 S. Federal Highway
Hollywood, FL 33020
PH: (954) 920-9220
Fax: (954) 929-2440

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Back to the First Page About the Law Offices of Mark Seff Learn What You Can Do about Bankruptcy Description on What We Do with Family Law Directions on How to Get to Our Law Office Multiple Ways to Get in Touch with Us

 


 Bankruptcy FAQ by the Law Offices of Mark Seff
Bankruptcy FAQ

Bankruptcy FAQ

12. I Understand The New Bankruptcy Law Makes It More Difficult For People With Credit Problems To File Bankruptcy?

In April 2005, the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (BAPCPA ) was signed. The underlined theory behind BAPCPA was that debtor’s who could pay their debts, or at least a portion of their debts, were abusing the system by eliminating all of their debts in a Chapter 7. BAPCPA set up a system to analyze the debtor’s income and expenses in a structured way to determine eligibility for Chapter 7. The overwhelming majority of debtor’s who could file Chapter 7 bankruptcy under prior law can still file Chapter 7.





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