(Due to its having helped caused the Bubble in the Housing Market, etc.), it is High Time to Repeal the  ¡  § Bankruptcy Abuse Prevention and Consumer Protection Act of 2005  ¡  ¨
By Kevin Stoda, a representative of thousands of harrassed victim of that Act
I have been dumbfounded at the lack of discussion in the USA and in Congress specifically on repealing one of the most devastating personal finance disasters of recent years. I am talking about the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005, which has made it difficult for Americans of all types to properly negotiate or threaten bad- and usurous lenders (like Citibank, Bank of America, Freddy Mac, and various bottom-feeding credit-buyer or credit-swap firms around the USA) with bankrupcy.
The 2005 Act was pased to protect the likes of Citibank and friends from their onw usurous tendencies and free-wheeling charging of unfair penalties on loans to unsuspecting credit card users and home buyers in the USA.
Why should these banks and ill-run financiers--and the firms they trade our debt with-around-the-clock  ¡Xbe allowed to continue to harrass Americans with penalties while they were bailed out in the trillions of dollars by the USA government with our tax money over the past 4 years?
It is insanely unfair not to grant reprieves to the Americans suffering under the thumbs of these goliaths.
Listen up, America!!!
NOTE: Â ¡ Â §The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (BAPCPA) ( Pub.L. 109-8 , 119 Stat. 23, enacted April 20, 2005), was a law enacting several significant changes to the U.S. Bankruptcy Code . It was passed by the 109th United States Congress on April 14, 2005 and signed into law by President George W. Bush on April 20, 2005. Most provisions of the act apply to cases filed on or after October 17, 2005. Â ¡ Â ¨
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