New bankruptcy law has a design to provide better protection for creditors who lend to individuals who defraud the system. Abuses in the 1990's and early 2000's lead legislators to create a new law that limits how frequently and how easily it was to file bankruptcy in the United States. Prior to this, it was easy for borrowers to rack up a large amount of debt only to file for bankruptcy and then to repeat the process again. The new bankruptcy law made it far more difficult for this to occur which helped to reduce the number of bankruptcies filed yearly that were fraudulent. Though the new law has been in place since 2005, it is still a newer law due to the significant changes imposed in the law.