HR 3581 · 108th Congress · Law
Small Business Bankruptcy Venue Relief Act of 2003
Bill Progress
✓
Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to the Subcommittee on Commercial and Administrative Law.(2003-12-10)
Plain Language Summary
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Small Business Bankruptcy Venue Relief Act of 2003 - Amends the Federal judicial code to require a bankruptcy trustee to commence a proceeding against a small business concern only in the district in which the defendant resides if the proceeding is intended to avoid prohibited preferential transfers to or for the benefit of certain non-insider small business creditors for an antecedent non-consumer debt. Defines small business as a commercial or business concern having fewer than 25 full-time employees as of the date on which the proceeding commenced.…
Summarized by Claude AI · Non-partisan · For informational purposes only