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Bankruptcy Abuse, Prevention and Consumer Protection Act of 2005
A U.S. federal law designed to curb bankruptcy filings by setting stricter standards.
Bankruptcy Law
Legal statutes and regulations governing the process whereby individuals or entities are unable to repay their debts and seek relief from some or all of their liabilities.
Revision
The process of altering, editing, or updating a document, text, or legislation to correct mistakes or make improvements.
Chapter 13
A section of the U.S. Bankruptcy Code allowing individuals with a steady income to reorganize their debts and pay them off over time.
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