Volume 2, Number 1
|Table of Contents|
Breaking News: Report on the Scope of Reasonable Inquiry in the New Bankruptcy Law
The Executive Boards of GP|Solo Division and the Business Law Section recently approved for distribution the Report on Attorney Liability under § 707(b)(4) of the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (BAPCPA) prepared by the Task Force on Attorney Discipline of the Ad Hoc Committee on Bankruptcy Court Structure and Insolvency Process.
The report is designed to give some guidance and lend some certainty to the Scope of Reasonable Inquiry required by §707(b) as revised by the BAPCPA. The report explains the factors that go into a reasonable inquiry and contains case annotations that support the Task Force's conclusions.
The Ad Hoc Committee on Bankruptcy Court Structure and the Insolvency Processes is a Committee housed in the Business Law Section of the ABA consisting of members representing a number of ABA entities concerned with bankruptcy and its implications, including the Business Law Section, the GP|Solo Division and the Judicial Division.
Keep up to date on changes to the bankruptcy laws by joining our Bankruptcy Committee.