• Business Bankruptcy: Impact of Bankruptcy Abuse Prevention and Consumer Protection Act of 2005
  • May 19, 2005
  • Law Firm: Hunton & Williams LLP - Richmond Office
  • The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (the "Act") signed into law on April 20, 2005 and generally in effect with respect to cases filed 180 days after enactment, while generally described by the press to be concerned with consumer bankruptcies, in fact, contains a number of provisions that will affect corporate reorganizations. The following describes notable provisions of the Act that will affect corporate debtors and their creditors.