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!