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New Bankruptcy Law Signed by President Bush BAPCPA

Enactment of the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005

On April 20, 2005, President Bush signed into law the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 ("BAPCPA"). Several provisions of BAPACPA became effective with the President's signature. Most provisions will become effective on October 17, 2005.

BAPCPA is the most comprehensive revision of the Bankruptcy Code in a generation. It requires consumer debtors to obtain credit counseling before filing bankruptcy, make significant additional disclosures to their creditors, and satisfy a "means test" in order to obtain a Chapter 7 discharge. It limits the protection of the automatic stay, limits a debtor's ability to "cram down" vehicle loans and in many other ways, strengthens the hand of creditors in both consumer and commercial cases.

These are significant changes that will affect both creditors and debtors. For more information or to request a presentation regarding the new Bankruptcy Code provisions, please contact Spotts Fain attorneys, Robert H. Chappell, III (804) 697-2025 or Jennifer J. West (804) 697-2094.

August 20, 2010 - Michael Yager, a Legal Assistant in our Litigation Section, will speak at a NALA LIVE! presentation on electronic discovery, "E-Discovery - Slow Down the Train" 

January 27, 2010 - We are proud to announce that Spotts Fain Managing Director, Hugh M. Fain, III has been elected Chair of the Board of Governors of the Virginia Bar Association

December, 2009 - Spotts Fain congratulates our shareholders named in the 2009 Legal Elite list published by Virginia Business magazine.  They are Meade Spotts, Legislative/Regulatory; Hugh Fain, Civil Litigation; Betsy Davis, Labor and Employment; and Dana McDaniel, Intellectual Property. 

December 1, 2009 - Sexual Orientation and Gender Identity Discrimination - article by Betsy Davis

October 29, 2009 - Betsy Davis spoke on Recent Changes in Employment Law at the 2009 Annual Meeting of the Virginia Association of Defense Attorneys

October 27, 2009 - Spotts Fain presented, Commercial Landlords and Tenants: Planning for and Dealing with Bankruptcy, presenters were Jen West and John Anderson

October 26, 2009 - Comments on President Obama's proposal to increase lending limits on SBA loans, by Tom O'Brien

October 21, 2009 - GINA is Coming - Genetic Information Nondiscrimination Act - article by Betsy Davis

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