Zywicki Comments on Bipartisan Support for Bankruptcy Reform Law
Professor Todd Zywicki does not believe that the new Democrat-controlled Congress will challenge the provisions of the year-old Bankruptcy Abuse Prevention and Consumer Protection Act (BAPCPA), citing support by a high percentage of Democrats for the measure, which came about after eight years of study and debate. His comments were carried in a follow-up story to his December 6 testimony before a Senate subcommittee hearing to examine the law's implementation to date.
No challenge seen for bankruptcy law, Daily Deal/The Deal, December 8, 2006. By Shanon D. Murray.
"'Given the bipartisan support, I don't think there's a whole lot of pull to review the law,' said Robert Lawless, a law professor at the University of Illinois College of Law, who testified at the hearing. 'I hope I'm wrong,' said Lawless, who still disagrees with the law.
"Fellow panelist Todd Zywicki of the George Mason University School of Law in Virginia agreed, saying: 'About 40% of Democrats supported the law. By and large, the law is working as planned.'
"It would be surprising for that many people to flip their opinions in such a short time frame,' added Zywicki, who supports the law. 'There could be a few technical amendments to clarify language, but it would be a surprise if there were any fundamental changes.'"