What is the expected result of the Bankruptcy Abuse Prevention and Consumer Act of 2005?
A)It will be more difficult for a lender to collect unpaid principal when a borrower files for bankruptcy.
B)It will be more difficult to file for bankruptcy.
C)It will be easier to file for bankruptcy.
D)The number of Chapter 14 bankruptcy filings will increase.
E)Both a and d above.

Question

Quizplus · Accepted Answer

The Bankruptcy Abuse Prevention and Consumer Act of 2005 made it more difficult to file for bankruptcy by adding requirements such as mandatory credit counseling and means testing to determine eligibility.

What Is the Expected Result of the Bankruptcy Abuse Prevention