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The United States House of Representatives approved a version titled the "Bankruptcy Reform Act of 1999" and the Senate approved a slightly different version in 2000. [10] After the differences in the bills were reconciled, Congress passed the "Bankruptcy Reform Act of 2000".
The 1986 Act applies to cases filed since November 26, 1986. The Bankruptcy Reform Act of 1994 is effective as to cases filed on or after October 22, 1994. The reform act and the case law interpreting its provisions have a great impact upon the mortgage banking industry and the servicers of mortgage loans.
Originally, bankruptcy in the United States, as nearly all matters directly concerning individual citizens, was a subject of state law. However, there were several short-lived federal bankruptcy laws before the Act of 1898: the Bankruptcy Act of 1800, [3] which was repealed in 1803; the Act of 1841, [4] which was repealed in 1843; and the Act of 1867, [5] which was amended in 1874 [6] and ...
Chapter 7 of Title 11 U.S. Code is the bankruptcy code that governs the process of liquidation under the bankruptcy laws of the U.S. In contrast to bankruptcy under Chapter 11 and Chapter 13, which govern the process of reorganization of a debtor, Chapter 7 bankruptcy is the most common form of bankruptcy in the U.S. [1]
Jason Iuliano, associate professor of law at the University of Utah and an expert on student loan bankruptcy law, told Yahoo Finance that the bill's 10-year waiting period was noteworthy.
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The Bankruptcy Act 1854 (17 & 18 Vict. c. 119) The Bankruptcy Act 1861 (24 & 25 Vict. c. 134) The act 25 & 26 Vict. c. 99 is sometimes called the Bankruptcy Amendment Act 1862 [10] The Bankruptcy Amendment Act 1868 (31 & 32 Vict. c. 104) popularly called Moffatt's Act [11] The Bankruptcy Act 1869 (32 & 33 Vict. c. 71)
If Gov. JB Pritzker has his way, a 30-year pension funding initiative of a Republican predecessor would be no more. Then-Gov. Jim Edgar signed a bipartisan pension reform package in 1994, setting ...