HR 11960 · 93th Congress ·
A bill to amend section 64 of the Bankruptcy Act to increase the maximum amount of wages and commissions accorded a priority over other debts of a bankrupt, and to clarify the definitions of wages accorded such priority.
Bill Progress
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Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to House Committee on the Judiciary.(1973-12-13)
Plain Language Summary
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Provides, under the Bankruptcy Act, that wages and commissions, including life insurance premiums, pension fund payments, income tax deductions, and social security deductions, not to exceed $3,000 shall have priority over other debts of a bankrupt.…
Summarized by Claude AI · Non-partisan · For informational purposes only