Excerpt
With more personal bankruptcies being filed, legislation has been drafted that would steer more debtors to pay off a portion of their debt from future income instead of being absolved after nonessential assets are liquidated.
In This Issue
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Foreword
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Glossary
Bankruptcy Terms
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Bankruptcy Overview
Evolution and Recommendations for Change
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U.S. Bankruptcy Code
Highlights of the Current System
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Family Debt in the United States
Trends in Borrowing by Americans
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Conference Report Summary
Key Provisions of H.R. 3150
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Legislative Background
Recent Action on Bankruptcy Reform Legislation
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Pro & Con
Should the House Approve the Conference Report on the Bankruptcy Reform Act?
