Amendment105th Congress
Amendment strikes the $100,000 homestead exemption cap that is in the bill and reverts back to current law; and denies the right of homestead exemption to someone who within a year of filing bankruptcy takes assets and places them into a home to avoid paying creditors.
- Amendment Number
- 666
- Description
- Amendment strikes the $100,000 homestead exemption cap that is in the bill and reverts back to current law; and denies the right of homestead exemption to someone who within a year of filing bankruptcy takes assets and places them into a home to avoid paying creditors.
- Purpose
- An amendment numbered 8 as printed in House Report 105-573 to prohibit a debtor from converting non-exempt assets into exempt homestead property within one year of filing for bankruptcy.
- Congress
- 105
- Type
- HAMDT
- Latest Action Date
- Jun 10, 1998
- Latest Action Text
- On agreeing to the Gekas amendment (A007) Agreed to by recorded vote: 222 - 204 (Roll No. 221).
- Latest Action Time
- 18:48:18
- Submitted Date
- Jun 10, 1998
- Chamber
- House of Representatives
- Update Date
- Aug 15, 2021