HR 3581 · 108th Congress · Law

Small Business Bankruptcy Venue Relief Act of 2003

Introduced 2003-11-21· Sponsored by Rep. Baker, Richard H. [R-LA-6]· House

Bill Progress

Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the Subcommittee on Commercial and Administrative Law.(2003-12-10)

Plain Language Summary

[AI summary unavailable — showing source text] 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