Supreme Court Ruling Modifies Bankruptcy Law
May 1, 2008 |
Posted By Editor
Comments / Questions (1) |
The U.S. Supreme Court approved amendments to the Federal Rules of Bankruptcy Procedure on April 23, which are generally speaking a rubber stamp on rules implemented by bankruptcy courts across the nation in August 2005 as a result of BAPCPA.
Congress must vote on approval of these measures in order to enact them as laws, and doing so would finalize the rules from their current provisional state.
You can read the Supreme Court decision here.
For more on the bankruptcy rules set in place by the BAPCPA, visit Total Bankruptcy's FAQ section.
This is really just a rubber stamp. Why can't they get some real legislation going?
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