The Bankruptcy Abuse Prevention and Consumer Protection Act, or BAPCPA, was passed in 2005 to prevent too many debtors from filing Chapter 7 bankruptcy. This act established the means test, which validates whether or not a Chapter 7 filer is in fact able to pay off some of his or her debts. Should one fail the means test, they cannot file Chapter 7, but may file Chapter 13 bankruptcy instead.

If you would like to learn more about BAPCPA or would like to speak with an attorney about your financial situation, contact Tacoma, Seattle, Kirkland, Bellevue, Bremerton, Everett bankruptcy lawyer Ryan Nykamp  of Bankruptcy Attorneys, PLLC today at 425-289-9873.