What is the Bankruptcy Abuse Prevention & Consumer Protection Act (BAPCPA)? – NJ Bankruptcy Glossary

Definition of the NJ Bankruptcy Term – Bankruptcy Abuse Prevention & Consumer Protection Act

Bankruptcy Abuse Prevention & Consumer Protection Act:

change to the Bankruptcy Code in 2005 making it more difficult to abuse the privileges of Chapter 7 bankruptcy, for example, by adding a “means test” to determine if debtors are eligible

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Note: the above definition of Bankruptcy Abuse Prevention & Consumer Protection Act was written in a simplified form for non-lawyers and may require a legal interpretation of how Bankruptcy Abuse Prevention & Consumer Protection Act may impact your bankruptcy filing.