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Consumer Bankruptcy Reform Might Actually Happen This Time

I was reading Adam Levitin’s piece on CNBC on the forces at play that is hanging a giant financial anvil over consumers. The Consumer Bankruptcy Reform Act (CBRA) probably has a good chance of being considered because the wave of people about to hit a financial wall is enormous following the pandemic. Think about this … Read more

Chapter 10 Bankruptcy Proposed in CBRA of 2020

A logical and commonsense reform bill for bankruptcy was proposed by Senators Elizabeth Warren (D-MA), Dick Durbin (D-IL), and Sheldon Whitehouse (D-RI) and Representatives Jerrold Nadler (D-NY) and David Cicilline (D-RI). If it should be considered and become law but I would be surprised since strong forces will be at play to gut it. And … Read more