Most significant overhaul of the Bankruptcy Code since 1978. Imposed a means test for Chapter 7 eligibility, mandatory credit counseling, and stricter requirements for consumer debtors.
Bankruptcy Abuse Prevention and Consumer Protection Act of 2005
In forceCodified at11 U.S.C. (amends Bankruptcy Code)
Enacted April 20, 2005 · Pub. L. 109-8