Senate Passes New Bankruptcy Law

Topics:
Bankruptcies,
Commercial Banking,
Commercial Lending
Tags:
Bankruptcy,
Bankruptcy Law,
Business Operations,
Law,
Litigation,
Pointshop,
U.S. Senate
Source:
Pointshop

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Overview: The United States Senate passed a law on March 10, 2005 that changes the bankruptcy laws in America. It is expected that the House of Representatives will look to pass the same bill in April, which will send it to President Bush for his signature. Since it is well known that President Bush will sign the bill into law, a new bankruptcy law is just one step away from ratification. This law makes it much harder for Americans to file Chapter 7 bankruptcy.

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