Statement by the Press Secretary on S. 256, the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005
April 20, 2005
On Wednesday, April 20 2005, the President signed into law:
S. 256, the "Bankruptcy Abuse Prevention and Consumer Protection Act of 2005," which makes several changes to the Bankruptcy Code, including establishing a means test for chapter 7 bankruptcy, raising the priority for payments of domestic support obligations, placing limits on the homestead exemption, and requiring credit counseling prior to filing for bankruptcy; and enhances credit card company disclosure requirements.
George W. Bush, Statement by the Press Secretary on S. 256, the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 Online by Gerhard Peters and John T. Woolley, The American Presidency Project https://www.presidency.ucsb.edu/node/282277