Which of the following is a main provision of the Bankruptcy Abuse Prevention and Consumer Protection Act (BAPCPA)?

The Bankruptcy Abuse Prevention and Consumer Protection Act (BAPCPA) of 2005 introduced several reforms aimed at curbing abuses in the bankruptcy system and ensuring that individuals seeking bankruptcy relief were better educated about the process. A central provision of BAPCPA is the requirement for individuals filing for bankruptcy to complete credit counseling before filing and to undergo debtor education after filing. This ensures that debtors are aware of their financial situation and alternatives to bankruptcy, promoting more informed financial decisions.

The other options do not accurately reflect the main provisions of BAPCPA. For instance, the act does not provide for the elimination of all debts; instead, it establishes a framework to manage debts and may lead to the discharge of certain types of debts under specific conditions. Additionally, it does not prohibit credit score checks for bankruptcy applicants; credit reporting agencies still have the ability to report bankruptcy filings, which can affect credit scores. Hence, the requirement for credit counseling and debtor education distinctly characterizes the BAPCPA’s intent to improve bankruptcy processes and consumer education.