19 Dec Bankruptcy Technical Corrections Act to President
On December 16th the House of Representatives voted to give final congressional approval to the Bankruptcy Technical Corrections Act (H.R. 6198). The Act primarily makes technical changes, such as correcting cross-references in the statute where the numbering of an existing provision was changed (e.g. to section 521 or 704).
It also clarifies that pre-petition credit counseling can occur on the same day as the petition is filed. Currently, case law is split on whether credit counseling has to be completed no later than the day before filing or if it is okay to complete the counseling on the day of filing.
Another change is in Section 362(d)(4). “Delay, hinder, and defraud” is being changed to “delay, hinder, or defraud” conforming the phrase to other parts of the Code.
The text of the legislation may be found at http://thomas.loc.gov
Latest posts by Jay Fleischman, Esq. (see all)
- 5 Things You Need To Know About Bankruptcy Exemptions Before Your Case Is Filed - August 28, 2013
- Beware Of This Person When Trying To Wipe Out A Second Mortgage In Chapter 13 - August 26, 2013
- Our Best Tips For Filing For Bankruptcy Without Your Spouse - August 22, 2013
- 5 Ways To Celebrate Financial Literacy Month - March 31, 2013
- Burning Money With Handcuffs On - March 21, 2013