Bankruptcy
Judiciary Committee Looks at BAPCPA
It’s an unhappy anniversary for those who work on behalf of consumers in our nation’s bankruptcy courts - 2 years since the passage of the laughably-named Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 - aka “BAPCPA” or “BARF.” (Some clever wit renamed it the Bankruptcy Abuse Protection and Consumer Prevention Act, which I also like.)
Here’s a link to the
Committee’s home page on the hearings which started on Tuesday, May 1 (May Day! I find that pleasingly ironic). Eventually you should be able to watch the hearings video from this page. You’ll note from the Witness List that Henry Sommers, our able-bodied and bright-minded NACBA prez represented us at the hearing. I hear from those in attendance or who were able to watch on CSPAN2 that Henry did his usual fantastic job of clearly, and succinctly, cutting through the lobbyist spin and laying out the facts. When one of the members of the Committee asked the others to fill out Form B22 (the infamous means test) as an experiment, how I’d have loved to be a fly on the wall behind them. The subtitle of the hearings brings me a frisson of hope - “Are Consumers Really Being Protected Under the Act?”
The answer: a resounding “Of course not!”
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