By Ed Flynn, ABI
Most commentators would agree that BAPCPA has reduced filings, although there is no consensus on the number or whether this has even been a good or bad development. BAPCPA’s opponents cite this as evidence that the legislation took away bankruptcy protection for millions of Americans, who remain in indentured servitude to their creditors. Its supporters cite this as evidence that BAPCPA is working. Looking at the various BAPCPA provisions, I do not see evidence of new restrictions that prevent access to bankruptcy by deserving debtors. Read more.
This is the final installment of Ed Flynn’s “BAPCPA at 10” retrospective that was special to the ABI Headlines this week. His previous commentaries can be found by clicking here.
For additional expert perspectives on bankruptcy trends that have emerged for both consumers and businesses, be sure to listen to ABI's "BAPCPA at 10" media webinars by clicking here.
