Search Results for keywords:"bankruptcy"

Search Results: keywords:"bankruptcy"

S. 4746 — To amend title 11, United States Code, to make the filing of a petition for relief under chapter 11 that is objectively futile or in subjective bad faith a cause for dismissal of the case, and for other purposes.
July 23, 2024
Status:Introduced in Senate
Congress:118
Words:1,959
S. 4746, known as the "Ending Corporate Bankruptcy Abuse Act of 2024," seeks to amend title 11 of the United States Code regarding bankruptcy proceedings. The bill introduces measures to dismiss chapter 11 bankruptcy cases if the filing is found to be objectively pointless or...
Simple Explanation
The Ending Corporate Bankruptcy Abuse Act of 2024 is a new rule that wants to make sure companies can't pretend they are in big money trouble just to get out of tough situations for unfair reasons. If a company is asking for help in a way that seems sneaky or silly, the grown-ups in charge can say no!
H. R. 9154 — To amend titles 11 and 28 of the United States Code to modify the compensation payable to trustees serving in cases under chapter 7 of such title; to extend the term of certain temporary offices of bankruptcy judge, and for other purposes.
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July 25, 2024
Status:Introduced in House
Congress:118
Words:1,903
The Bankruptcy Administration Improvement Act of 2024 aims to update compensation for Chapter 7 bankruptcy trustees, who have not seen an increase since 1994. The bill proposes increasing their pay per case from $60 to $120, adjusted for inflation, without altering existing...
Simple Explanation
The Bankruptcy Administration Improvement Act of 2024 wants to give more money to people who help with money problems in courts, called trustees, because they haven't had a raise in a long time, and it also plans to let certain special judges work longer to help with the growing number of cases.

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