What Does General Order 169A Mean?
General Order 169A is a declaration of the Bankruptcy Abuse and Consumer Protection Act of 2005. This order retracts, or removes, General Order 169. Both orders are part of Interim Rule 5012.
Other People Are Reading
-
The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005
-
President Bush signed the Bankruptcy Abuse Prevention and Consumer Protection Act in 2005. This act was signed into federal law on April 20, 2005. The act is in place to prevent consumers from relying on the means of bankruptcy too heavily, to be released from debt. Consumers must prove eligibility for either Chapter 7 (debt liquidation) or Chapter 13 (repayment plan) bankruptcy, complete credit counseling and be prepared for possible audits, before declaring bankruptcy.
General Order 169
-
The most powerful court in the United States General Order 169 was simply the acceptance of all Interim Rules regarding the Bankruptcy Abuse Prevention and Consumer Act as permanent. These rules guide the federal courts in discharging Chapter 7 or 13 consumer bankruptcies. Specifically, General Orders 169 and 169A are part of Rule 5012.
-
Interim Rule 5012
-
Consumer credit cards are among the leading causes of debt in the United States. Interim Rule 5012 states how a person can formally withdraw from a bankruptcy hearing. The consumer must withdraw from a hearing in writing 30 days before the hearing takes place.
General Order 169A
-
Laws can be formed by the Federal Supreme Court This order retracts General Order 169, with the result that the Interim Rules are no longer viewed as permanent guidelines for the courts. This order removed the Interim Rules, with the exception of Interim Rule 5012.
-
References
Resources
- Photo Credit The White House image by dwight9592 from Fotolia.com white colonnade image by Furan from Fotolia.com wallet and credit cards image by CraterValley Photo from Fotolia.com case law #2 image by stassad from Fotolia.com
