Consumer Bankruptcy Reform Act

Consumer Bankruptcy Reform Might Actually Happen This Time

January 12, 2021 by Steve Rhode

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 …

Chapter 10 Bankruptcy Proposed in CBRA of 2020

January 12, 2021December 10, 2020 by Steve Rhode

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 …