What Congress Hath Wrought: Provisions of the Bankruptcy Abuse Prevention and Consumer Protection Act Affecting Interests in Real Estate
PROBATE& PROPERTY NOVEMBER/DECEMBER 2005 23 On April 20, 2005, President George W. Bush signed into law the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005, Pub. L. No. 109–8, 119 Stat. 23 (2005) (the Act), which contains substanntia changes to the federal Bankruptcy Code, 11 U.S.C. §§ 101 et seq. The changes wrought by the Act primarily affect individual consumer debtors by restricting their ability to obtain the benefits of Chapter 7 of the Code, including the broad discharge of...