that receives relatively little media attention is household bankruptcy. While bankruptcy, particularly Chapter 7 … bankruptcy, offers a fresh financial start to the petitioner, certain types of obligations, such as child support, tax liens, and … security interests in automobiles and homes, remain the responsibility of the petitioner (i.e., the person seeking bankruptcy …

On October 17, 2005, a major U.S. federal bankruptcy reform law took effect. This change (the Bankruptcy Abuse … Prevention and Consumer Protection Act of 2005, a.k.a. the Bankruptcy Reform Act of 2005) had been over 10 years in the making … regulators and others. This act amended the 1978 bankruptcy code, and was the most significant and sweeping change since that …

New provisions under bankruptcy law became effective on October 17, 2005. The Bankruptcy Abuse Prevention and Consumer …, 2005. ; The new legislation made sweeping changes to existing bankruptcy law, and the main result appears to be that it …