H. R. 10500 proposes significant changes to the U.S. bankruptcy system by creating a new chapter specifically for individual bankruptcies, simplifying the process for individuals dealing with debt. It aims to eliminate the current Chapter 13, streamline the filing process,...
Simple Explanation
H.R. 10500 is a new plan to change how people can ask for help when they have too much money trouble, making it easier and fairer for them to keep their homes and cars while stopping bad guys from tricking them with loans.