S. 4150 proposes to extend the bankruptcy eligibility requirements set by the Bankruptcy Threshold Adjustment and Technical Corrections Act for an additional two years. The bill, introduced by Senators Durbin, Graham, Whitehouse, Grassley, Coons, and Cornyn, seeks to amend...
Simple Explanation
S. 4150 is a proposal to make it so people and businesses can use certain helpful bankruptcy rules for four years instead of just two, which might help them manage their debts but could also affect people they owe money to.