Mattisson Peter L Atty

On October 17, 2005, the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 took effect. Despite its impressive title, the main effect of the revised bankruptcy law is to discourage honest but unfortunate debtors from filing bankruptcy. For users and tiny business owners, it is clear that the revised bankruptcy law is clearly not a Consumer Protection Act. In fact, you may be seeking bankruptcy protection because of a pending foreclosure or repossession, due to a job layoff or illness or divorce, or you may have bills you simply cannot afford to pay.