Higher Bankrupt Costs Since the New Law, So How Can Debtors Get Cheap Affordable Bankruptcy Without Lawyers? WHY THE NEW BANKRUPTCY LAW WAS ENACTED On the 18th of October in 2005, the brand newly-enacted bankruptcy legislation, known as”the “Bankruptcy Abuse Prevention and Consumer Prevention Act of 2005” (BAPCPA) was put into force within the United States. At the time there was no expectation that an increase in cost of bankruptcy would be a be the result of this new legislation. But, new reports indicate that the new law has brought these results and there are now more American consumers filing bankruptcy without legal counsel bankruptcy of individuals Russia. The new law was initiated primarily by the public protests and outcry, and lobbying of the wealthy organized, well-organized, and connected, yet powerful, American credit card and banking companies as well as the bankruptcy lawyers who been arguing that the prior bankruptcy law was “too soft on debtors,” and that the “excessive generosity” of the old bankruptcy system had allegedly encouraged abuse and permitted many indeserving debtors, who, they claimed might have had the money to pay their debts to gain unfair advantage by applying for Chapter 7 bankruptcy to avoid having […] read more