HR 901 · 111th Congress · Finance and Financial Sector
Medical Bankruptcy Fairness Act
Bill Progress
✓
Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Subcommittee Hearings Held.(2010-07-15)
Plain Language Summary
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Medical Bankruptcy Fairness Act - Amends federal bankruptcy law to cite circumstances under which a medically distressed debtor may elect to exempt from the property of the estate in bankruptcy up to $250,000 of the debtor's aggregate interest in specified real or personal property that the debtor (or debtor's dependent) uses as a residence, in a cooperative, or in a burial plot for the debtor or a dependent. Revises requirements for dismissal or conversion of a Chapter 7 case to prohibit the court or specified parties in interest from filing a motion to dismiss or convert to Chapter 11 or 13 if the debtor is a medically distressed debtor or an economically distressed caregiver.…
Summarized by Claude AI · Non-partisan · For informational purposes only