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Artists transform what were originally oral and literary stories into images - Essay Example

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In my opinion, the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 is the way forward because due to the impacts it had on the relationship between creditors. An analysis of the act reveals that it tries to protect different consumers from what are known as…
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Artists transform what were originally oral and literary stories into images

Download file to see previous pages... example is that to consumers who were viable to be being swindled by different financial institution, the act required that they were to be given credit counseling before being asked to sign any document (American Law Institute-American Bar Association Committee on Continuing Professional Education., 2005).
This prevents against such occurrences like surrendering homes because one is not capable to pay up his or her mortgage. The Act has created awareness and as such foolish decisions which were taken by the consumers in the past like loan problems and challenges in meeting credit card payments have been properly addresses as everything is now understand to consumers in a clearer language than it used to be in the past. The Act exists to ensure that there is a debt reaffirmation agreements between the debtor and creditor, limits the lien stripping and tightens the discharge rules on claims thus making the Act effective in the both the development and well being of both parties involved.
American Law Institute-American Bar Association Committee on Continuing Professional Education. (2005). Bankruptcy Abuse Prevention and Consumer Protection Act of 2005: ALI-ABA course of study materials. Philadelphia, Pa: American Law Institute-American Bar Association Committee on Continuing Professional ...Download file to see next pagesRead More
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