The 2005 Act was an attempt to meet the complaints of the business community with regard to the ________.

Question

Quizplus · Accepted Answer

The 2005 Act was aimed at addressing the rising number of filings for personal bankruptcy, which was seen as a concern by the business community. The Act introduced stricter eligibility requirements and additional paperwork for bankruptcy filings to prevent debtors from abusing the system and to protect the interests of creditors.

The 2005 Act Was an Attempt to Meet the Complaints