The bankruptcy reform train is steaming out of the U.S. Senate and into the U.S. House. Today, the “Bankruptcy Abuse Prevention and Consumer Protection Act of 2005” (S.256) was passed by a vote of 74-25 in the U.S. Senate. The bill is expected to be passed by U.S. House Judiciary Committee next week and put to a final vote immediately after the spring recess or the first week of April. One year ago, the U.S. House overwhelmingly voted for the same bill. Some observers indicated the House could move the bill to a vote as early as next week to short-circuit the impact of negative publicity. The President is expected to sign it into law shortly thereafter. The law would then take effect in 180 days. It is widely expected that bankruptcy filings will rise sharply over the next two quarters. Eighteen Democrats voted for the Senate bill.