Bankruptcy Abuse Prevention and Consumer Protection Act of 2005
Sponsor: Charles Grassley (R-IA)
Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 - Title I: Needs-Based Bankruptcy - (Sec. 101) Amends Federal bankruptcy law to revamp guidelines governing dismissal or conversion of a Chapter 7 liquidation (complete relief in bankruptcy) to one under either Chapter 11 (Reorganization) or Chapter 13 (Adjustment of Debts of an Individual with Regular Income). Permits the bankruptcy court to convert a Chapter 7 case to either Chapter 11 or 13 with a debtor's consent. (Current law requires the debtor's request for such a conversion.) (Sec. 102) Permits the court upon its own motion, or upon the motion of the bankruptcy trustee, bankruptcy administrator, or any party in interest, to move for a dismissal.
Finance and Financial Sector Topic assigned by the Congressional Research Service. CRS gives each bill one topic, based on the bill as introduced. This one carries 261 subject terms, so it spans well beyond that single label.
Who won, and how much of the country was behind them
The dotted gap is 3.3% of U.S. adults whose member did not vote, voted “present,” or whose seat was vacant.
| Side | Outcome | Votes | Share of U.S. adults |
|---|---|---|---|
| Yea | Won | 74 | 61.2% |
| Nay | Lost | 25 | 35.6% |
| Not represented on this question | No position taken | 0 | 3.3% |