Amendment106th Congress
Amendment allows a small business involved as a creditor in a Chapter 11 bankruptcy case to be added to the creditor committee by the court; and requires that small businesses not included on the creditor committee have access to information regarding the credit committee's actions.
- Amendment Number
- 57
- Description
- Amendment allows a small business involved as a creditor in a Chapter 11 bankruptcy case to be added to the creditor committee by the court; and requires that small businesses not included on the creditor committee have access to information regarding the credit committee's actions.
- Purpose
- An amendment to expand the credit committee membership under chapter 11 bankruptcies to include a small business when it is determined that the small business' claims are disproportionally large to its gross revenues.
- Congress
- 106
- Type
- HAMDT
- Latest Action Date
- May 5, 1999
- Latest Action Text
- On agreeing to the Velazquez amendment (A004) Agreed to by voice vote.
- Latest Action Time
- 14:35:28
- Submitted Date
- May 5, 1999
- Chamber
- House of Representatives
- Update Date
- Aug 15, 2021