Question

The Bankruptcy Abuse and Prevention and Consumer Protection Act limited the number of debtors who could declare which type of bankruptcy?

a. chapter 7
b. chapter 13
c. chapter 12
d. chapter 15

Answer 1

Your answer is A. This act intends to make it harder for people to file for chapter 7 bankruptcy.

Answer 2

I believe the answer is: Chapter 7

Chapter 7 of the bankruptcy law that regulate liquidation process. (when we sold our assets in order to pay our liabilities to the debtors). This would regulate the things that can and cannot be confistcated by the debtors. The cahapter 7 is commonly used by people with limited income.