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abi_consumer_bankruptcy

Final Report of the ABI Commission on Consumer Bankruptcy



The ABI Commission on Consumer Bankruptcy

$39.00

Format Available: Print Softcover
ISBN: 978-1-944516-49-9
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The American Bankruptcy Institute’s Commission on Consumer Bankruptcy was established in 2017 to address the social and economic shifts that have occurred since the last major amendments to the Bankruptcy Code, the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (BAPCPA), and to assess BAPCPA’s effects on the current state of consumer bankruptcy law.

The American Bankruptcy Institute’s Commission on Consumer Bankruptcy was established in 2017 to address the social and economic shifts that have occurred since the last major amendments to the Bankruptcy Code, the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (BAPCPA), and to assess BAPCPA’s effects on the current state of consumer bankruptcy law. After months of deliberations, the Commission unanimously adopted this Report to Congress, the Committee on Bankruptcy Rules and the public. The Report recommends nearly 50 discrete policy reforms. The 22 Commissioners were supported by the official reporter, Prof. Robert M. Lawless, one of the nation’s top bankruptcy scholars. Nearly 30 other leading professionals from the fields of law, finance, judiciary and academia served on three topical advisory committees, providing essential expert guidance to the Commissioners. The Commission testified at a congressional hearing before the House Judiciary Subcommittee on Regulatory Reform, Commercial and Antitrust Law, and also provided recommendations to the U.S. Department of Education’s evaluation of student loans in bankruptcy.