The "Bankruptcy Abuse Prevention and Consumer Protection Act of 2005," S. 256, in the 109th Congress

Publication Date: February 2005

Publisher: Library of Congress. Congressional Research Service

Author(s):

Research Area: Banking and finance

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Abstract:

On February 1, 2005, Senator Grassley introduced S. 256, the "Bankruptcy Abuse Prevention and Consumer Protection Act of 2005" (BAPCA), in the 109th Congress, 1st Session. The bill is similar to that passed by the House in the 108th Congress. S. 256 addresses many areas of bankruptcy practice, including consumer filings, small business bankruptcy, tax bankruptcy, ancillary and cross-border cases, financial contract provisions, amendments to chapter 12 governing family farmer reorganization, and health care and employee benefits. This report surveys selected provisions that have been of interest to past Congresses that have considered comparable legislation.