HR 1282 · 106th Congress · Finance and Financial Sector
Individual Bankruptcy Abuse Reform Act of 1999
Bill Progress
✓
Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Committee Consideration and Mark-up Session Held.(2000-03-15)
Plain Language Summary
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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