In 2005, bankruptcy reform laws:
A: made student loans dischargeable in bankruptcy
B: required debtors to pay more of their debts in bankruptcy
Answer:
B: required debtors to pay more of their debts in bankruptcy
Explanation:
The Bankruptcy Abuse Prevention and Consumer Protection Act (BAPCPA) which was passed in 2005, reviewed the bankruptcy process in America.
This law was reviewed because it wanted to prevent abuse of the bankruptcy process.
Therefore, In 2005, bankruptcy reform laws required debtors to pay more of their debts in bankruptcy.
