October 2016
The "Devil's Dictionary" is a quick-reference guide for commercial lenders and other restructuring professionals. In this series, we highlight many of the buzz words found in the Dictionary and used in today's bankruptcy arena.

BAPCA: The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005. A series of creditor-friendly and debtor-hostile amendments to the Bankruptcy Code passed by Congress in April of 2005 and generally effective starting October 17, 2005.

To creditors, an eminently sensible piece of legislation that eliminated various debtor excesses. To debtors, the modern day version of debtors’ prisons.

"The Devil's Dictionary" is an excellent reference tool that reflects the collective wisdom of its four authors, Brett Anders, Jim Bird, David Ferguson, and Dan Flanigan, who have a combined total of more than 110 years working in the forefront of real estate and other commercial finance, loan enforcement, financial restructuring and bankruptcy law.