Consumer Bankruptcy Overhaul Envisioned in New Bill: Explained
WEBOct 17, 2022 · Congressional Democrats have reintroduced a bicameral bill that would radically alter how individuals file bankruptcy, a response to criticism that the process is too complicated and disfavors people of color.
President Biden Signs New Bankruptcy Debt Limits Bill Into Law
WEBJun 21, 2022 · Small businesses with debts up to $7.5 million can qualify for streamlined bankruptcy proceedings under a new law signed by President Biden on Tuesday. The president signed the Bankruptcy Threshold Adjustment and Technical Corrections Act (S. 3823), which was passed by the House earlier this month. The new law …
The New Bankruptcy Law: Changes to Chapter 7 and 13
WEBThe latest changes to bankruptcy law may be making it harder for some people to file bankruptcy. And a few filers with higher incomes are no longer allowed to use Chapter 7 bankruptcy, but will instead have to repay at least some of their debt under Chapter 13.
Bankruptcy Law Amendments: Legislative Changes, Policy Updates
WEBJun 12, 2024 · Explore recent legislative changes and policy updates in bankruptcy law, including the Consumer Bankruptcy Reform Act of 2022 and the Bankruptcy Venue Reform Act of 2023, aimed at simplifying processes and …
Biden Signs Grassley-Led Bankruptcy Bill Into Law
WEBJun 21, 2022 · WASHINGTON – President Joe Biden today signed into law a bipartisan bill authored by Sen. Chuck Grassley (R-Iowa) to help small businesses and individuals stay afloat during bankruptcy.
Warren-Nadler Consumer Bankruptcy Reform Act Portends Biggest ... - Forbes
WEBJan 28, 2021 · Senator Warren and Congressman Nadler have introduced the Consumer Bankruptcy Reform Act (CBRA) which portends to be the biggest change to the U.S. Bankruptcy Code since the Bankruptcy...
Cheat Sheet to COVID-19 Bankruptcy Provisions and Sunsets
WEBApr 5, 2021 · On March 27, 2021, just hours before the CARES Act bankruptcy provisions were about to sunset, President Biden signed COVID-19 Bankruptcy Relief Extension Act of 2021, Pub. L. No. 117-5 (Mar. 27, 2021) (H.R. 1651). The bill extends the temporary bankruptcy provisions under the CARES Act for an additional year, until March 27, 2022.
New Consumer Bankruptcy Reform Act Implications and the …
WEBDec 22, 2022 · This episode discusses new pending legislation as well as the general, overall legislative and financial services outlook in the next Congress.
CBRA - The Next Big Reform in Consumer Bankruptcy? - Upsolve
WEBDec 22, 2020 · The Consumer Bankruptcy Reform Act of 2020 is the single largest change to the consumer bankruptcy laws in 15 years. Some thoughts from a consumer bankruptcy lawyer. Written by Attorney Andrea Wimmer. Updated January 29, 2021.
New Bankruptcy Law and Updated Forms - United States Courts
WEBJun 24, 2022 · New Bankruptcy Law and Updated Forms. Friday, June 24, 2022. On June 21, 2022, the Bankruptcy Threshold Adjustment and Technical Corrections Act was signed into law. The Act amends Section 1182 (1) of the Bankruptcy Code to include the increased aggregate debt limit of $7.5 million in Chapter 11 Subchapter V’s definition of a “debtor ...