Amendment105th Congress
Amendment provides that a debtor who is disqualified from obtaining relief under chapter 7 by virtue of the bill's need-based formula is not disqualified from relief under chapter 11; makes revisions in the debt counseling and financial management provisions; limits the amount of a debtor's homestead; adds safeguards to fee examiner appointments and creditor's committee membership; revises language to accord more protection to recording artists; and clarifies that the Advisory Committee on Bankruptcy Rules of the Judicial Conference of the United States will establish rules and forms for small business debtors.
- Amendment Number
- 660
- Description
- Amendment provides that a debtor who is disqualified from obtaining relief under chapter 7 by virtue of the bill's need-based formula is not disqualified from relief under chapter 11; makes revisions in the debt counseling and financial management provisions; limits the amount of a debtor's homestead; adds safeguards to fee examiner appointments and creditor's committee membership; revises language to accord more protection to recording artists; and clarifies that the Advisory Committee on Bankruptcy Rules of the Judicial Conference of the United States will establish rules and forms for small business debtors.
- Purpose
- An amendment numbered 1 as printed in House Report 105-573 to ensure that a debtor that is disqualified from obtaining relief under needs-based formula is not disqualfied from obtaining relief under chapter 11.
- Congress
- 105
- Type
- HAMDT
- Latest Action Date
- Jun 10, 1998
- Latest Action Text
- On agreeing to the Gekas amendment (A001) Agreed to by voice vote.
- Latest Action Time
- 15:25:05
- Submitted Date
- Jun 10, 1998
- Chamber
- House of Representatives
- Update Date
- Aug 15, 2021