Proposed Bankruptcy Legislation to Address Natural Disaster Victims

Publication Date: September 2005

Publisher: Library of Congress. Congressional Research Service

Author(s):

Research Area: Banking and finance

Type:

Abstract:

Several bills have recently been introduced to amend the U.S. Bankruptcy Code, 11 U.S.C. 101 et seq. in the wake of Hurricane Katrina. H.R. 3662 would delay the effective date for the means test amendments to the Code enacted in the Bankruptcy Abuse Prevention and Consumer Protection Act. H.R. 3697 and S. 1647 would make substantive amendments to the Code to deal with victims are of natural disasters. They are discussed below. This report will be updated as events warrant.