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Bankruptcy Reform Finally Passed; Shakes Up Lenders Short-Term, Long-Term Benefits TBD
By Sarah Snell CookeWASHINGTON-Bankruptcy filings surged in the weeks leading up to the Oct. 17 effective date of the Bankruptcy Abuse Prevention and Consumer Protection Act, but lenders expect the long-term benefits to outweigh the initial spike. On April 14, the House passed the bill 302-126 after the Senate had already approved it...
