Did you miss the important date October 17? Well, if you are wondering whose birthday you forgot, stop worrying now. Remember, this date is relevant only to the financial history pertaining to all kinds of Bankruptcy laws including chapter 7 bankruptcy. The date is mainly relevant to the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 also known as BAPCPA. This law came into effect on 17 October 2005.
The three main changes to the law that is bound to impact most people comprise the ticket in, the means test, and the ticket out. There would also be restrictions that are highly stringent for the homestead exemption. So for more information, check the provisions on the Internet. But remember the date!