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Diane Publishing Books
Bankruptcy Reform: Dollar Costs Associated with the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005
Yvonne D. Jones (au)
The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 made significant changes to the admin. of bankruptcy relief, affecting: (1) the U.S. Trustee Program, which oversees the bankruptcy process; (2) the fed. judiciary; (3) consumers filing for bankruptcy; and (4) private trustees -- individuals who administer bankruptcy cases and are supervised by the Trustee Program. The number of new personal bankruptcy filings declined after the act -- 600,000 people filed in 2006 as compared to 1.5 million annually between 2001 and 2004. This report examines: (1) new costs incurred as a result of the Bankruptcy Reform Act by the Trustee Program and fed. judiciary; (2) new costs to consumers; and (3) the impact of the act on private trustees. Illustrations.
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