On Wednesday, April 20 2005, the President signed into law:
S. 256, the "Bankruptcy Abuse Prevention and Consumer Protection Act of 2005," which makes several changes to the Bankruptcy Code, including establishing a means test for chapter 7 bankruptcy, raising the priority for payments of domestic support obligations, placing limits on the homestead exemption, and requiring credit counseling prior to filing for bankruptcy; and enhances credit card company disclosure requirements.
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Debtor Education | Poverty Guidelines .......................... Income - Median Family Income by Number of Earners in Family .......................... National Standards for Allowable Living Expenses .......................... Synopsis of Bankruptcy Bill - Thomas Yerbich, ESQ .......................... Major Consumer Bankruptcy Effects of the 2005 Reform Legislation - Eugene R. Wedoff .......................... |
Interim Rules(Red-Line Version) .......................... New and Revised Official Forms .......................... |
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Table of Guidance and Links Regarding the New Law
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Information from BNC on Electronic Bankruptcy Noticing Creditor Registration
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