BAPCPA Blog

Anyone who's really curious about the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 should check out American Bankruptcy Institute's BAPCPA blog.

ABI is even-handed in their coverage, and nobody's more of an authority on bankruptcy than them.

The Sunday post about disability waivers for credit counseling leaves me conflicted. I think the standards should be loosened to allow people with disabilities to more easily get out of the credit counseling requirement of BAPCPA; after all, the first six months of BK reform have taught us that crounseling isn't about diverting clients from bankruptcy, it's really about education and financial literacy.

On the other hand, it's easy to comply with the counseling requirement. There are plenty of counselors to meet the demand, and sessions can be completed by phone or over the internet. If you're interested, check out the BAPCPA blog to see how a consumer with disabilities can meet the requirement to waive counseling, and see if you think it's too strict. I'd say it could stand to be loosened a little, but like I said, the counseling requirement is easy to meet.