HR 1282 · 106th Congress · Finance and Financial Sector

Individual Bankruptcy Abuse Reform Act of 1999

Introduced 1999-03-25· Sponsored by Rep. Barrett, Thomas M. [D-WI-5]· House

Bill Progress

Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Committee Consideration and Mark-up Session Held.(2000-03-15)

Plain Language Summary

[AI summary unavailable — showing source text] Individual Bankruptcy Abuse Reform Act of 1999 - Amends Federal bankruptcy law to prohibit a debtor filing for bankruptcy from exempting an interest that exceeds $100,000 in value, in the aggregate, in: (1) real or personal property that the debtor or dependent uses as a residence; (2) a cooperative that owns property that the debtor or dependent uses as a residence; or (3) a burial plot for the debtor or dependent. States that a discharge in bankruptcy shall not include consumer debts owed to a single creditor and aggregating more than $1,000 for luxury goods or services incurred by a debtor within 90 (currently 60) days before such discharge. Deletes a provision which prohibits an interested party in a bankruptcy proceeding from requesting a dismissal of such action.…

Summarized by Claude AI · Non-partisan · For informational purposes only