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S. 530

Bankruptcy Abuse Reform Act of 1997

Bankruptcy Abuse Reform Act of 1997 - Amends the bankruptcy code to limit the homestead exemption from a debtor's estate under State or local law to an aggregate of $100,000 in value: (1) in real or personal property (including a cooperative that owns property) that the debtor (or a dependent) uses as a residence; or (2) in a burial plot for the debtor (or a dependent).

Referred to Subcommittee on Oversight and Courts.

Sen. Kohl, Herb [D-WI](D-WI)Sponsor
1 cosponsor1 R
1cosponsors1committees4actions11subjects
  1. Committee

    Referred to Subcommittee on Oversight and Courts.

    Administrative Oversight and the Courts Subcommittee
  2. IntroReferral

    Read twice and referred to the Committee on Judiciary.

    Judiciary Committee
  3. IntroReferralB00100

    Sponsor introductory remarks on measure. (CR S2903-2904)

  4. IntroReferral10000

    Introduced in Senate