Focus on Bankruptcy Reform President Bush on April 20 signed into law sweeping legislation to overhaul the bankruptcy code after almost a decade of debate. The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005, which was nearly derailed several times because of heated debate or tangential political events, is supposed to steer more debtors into repayment plans and promises benefits for almost every sector of the financial services industry. Supporters said it was needed because many filers were abusing the system, but consumer advocates complained that lenders were trying to dodge responsibility for easy credit offers.
Selected American Banker Coverage
Final Legislation
Selected American Banker Coverage
2005 - Bankruptcy-Reform Benefit: Less Lending (Viewpoint) - April 29, 2005
- Gauging the Bottom-Line Effects of Bankruptcy Bill - April 15, 2005
- House Bankruptcy Vote Today - April 14, 2005
- In Brief: Bankruptcy Bill Vote Postponed - April 6, 2005
- Bankruptcy Bill Backers Not Quite Ready to Party - April 1, 2005
- Debt Buyers See Benefits From Bankruptcy Measure - March 18, 2005
- A Better Backstop Against Misfortune? (Viewpoint) - March 18, 2005
- Bankruptcy Changes Will Hurt Society (Viewpoint) - March 18, 2005
- Bankruptcy Bill Will Make Broken System Fair (Viewpoint) - March 11, 2005
- Senate Vote Clears Way For Bankruptcy Reform Bill - March 9, 2005
- Bankruptcy Add-Ons Mostly Shot Down - March 4, 2005
- ING U.S. Exec: Bankruptcy Bill Needs More Safeguards - March 2, 2005
- In Brief: Lengthy Bankruptcy Reform Debate Seen - March 1, 2005
- In Brief: Specter to Keep Promoting Bankruptcy Bill - February 25, 2005
- Bankruptcy Bill Moves On; Fight Looms - February 18, 2005
- Judiciary OK Likely For Bankruptcy Bill - February 11, 2005
- Wave of Finance Bills Introduced, With More Coming (Corrected) - January 27, 2005
- New Tone on Bankruptcy: One positive: Democratic cosponsors possible - January 25, 2005
2004 2003 - High Court to Hear Bankruptcy Interest Rate Case - September 15, 2003
- Bankruptcy Data Fail to Dim View On Credit Quality - August 20, 2003
- Netting Measure Seen Headed For Panel's OK -- and Dead End - May 20, 2003
- In Brief: Bachus Rips Bankruptcy Item - April 15, 2003
- In Brief: House Approves Bankruptcy Measure - March 20, 2003
- Collection of Reasons Not to Count on Reform Bill - March 19, 2003
- House to Consider Bankruptcy Measure - March 18, 2003
- For Backers of Bankruptcy Bill, It's Try, Try Again - March 4, 2003
- In Brief: Bankruptcy Bill Back, in House - February 28, 2003
- Bankruptcy Bill's Progress Is Mostly in Battle Fatigue - January 22, 2003
2002 - Review 2002/Preview 2003: Legislative Wounds Could Reopen in 2003 - December 13, 2002
- Bankruptcy Bill's Bitter End - November 18, 2002
- Bankruptcy Bill Hits Late Snag - November 15, 2002
- Imminent Decisions on Two Bills? - November 13, 2002
- Industry Bills Hamstrung By Election Maneuvering - October 10, 2002
- In Brief: Bankruptcy Splits Nader, CUs - October 9, 2002
- In Focus: As Election Nears, Some Bills May Get Left Behind - September 3, 2002
- Another Hurdle for Bankruptcy Bill - July 30, 2002
- In Focus: Industry Upbeat on Congress' Bankruptcy, Other Reforms - July 29, 2002
- Schumer, Hyde Reach Truce on Bill - June 20, 2002
- Bankruptcy Puzzler: Economy or Reform Behind 15% Jump? - May 17, 2002
- In Focus: New Bankruptcy Reform Try, It Won't Be the Last - April 22, 2002
- In Brief: Conference Slated on Bankruptcy Reform - April 17, 2002
- In Brief: GOP Suggest Bankruptcy Compromise - February 27, 2002
- In Brief: Senate to Reopen Bankruptcy Bill Issues - January 11, 2002
Legislation
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