H.R. 9110, titled the “Ending Corporate Bankruptcy Abuse Act of 2024,” aims to amend title 11 of the United States Code to address the misuse of Chapter 11 bankruptcy filings. The bill proposes that a bankruptcy case can be dismissed if the filing is deemed objectively pointless or made in...
Simple Explanation
The bill is like a rule that says if a company tries to use a special kind of help called bankruptcy when they don’t really need it or just to be sneaky, they can get in trouble and their case might be stopped.