Alfred Lawrence Toombs
Bankruptcy Counsel

Greenbelt Professional Center
8957 Edmonston Road, Suite A, Greenbelt, MD 20770
Phone: 301-345-1000 ~ Fax: 301-345-6780










· Recent Legal Developments:


· Bankruptcy Reform:


On April 20, 2005, the President approved S. 256, the “Bankruptcy Abuse Prevention and Consumer Protection Act of 2005,” which had been passed by the Senate on March 10, 2005 and by the House of Representatives on April 14, 2005, both by over whelming votes.  The bill will amend the Bankruptcy Code to create a “means test” for debtors filing under Chapter 7, restrict “cramdowns” of vehicle loans in Chapter 13, encourage reaffirmations of credit union debts, and restrict but not eliminate different treatment of the homestead exemption in various states. Most of these amendments took effect on October 17, 2005.

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