H.R.3801: To amend title 11 of the United States Code to modify the application of chapter 7 relating to liquidation cases.

About This Bill

Bill Summary

Amends Federal bankruptcy law to prescribe guidelines for a needs-based bankruptcy system which precludes individuals from filing for complete relief in bankruptcy under chapter 7 (Liquidation) if certain current monthly income is available to pay creditors. Sets forth formulae for income levels determinative of debtor eligibility for bankruptcy relief. Treats as having income available to pay creditors (and thus eligible for chapter 13...

(Source: Library of Congress)

Bill Actions

Date Description
Referred to the House Committee on the Judiciary.
Referred to the Subcommittee on Commercial and Administrative Law.
May 6, 1998

Introduced in the House by Robert E. Andrews (D-N.J.)

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