LEXIS-NEXIS® Congressional Universe-Document

LEXIS-NEXIS® Congressional

2000 CIS H 5219

TITLE: Bankruptcy Reform

CIS-NO: 2000-H521-9
SOURCE: Committee on the Judiciary. House
DOC-TYPE: Hearing Retrieve the full text of testimony
DATE: Mar. 11, 1999
LENGTH: vi+190 p.
CONG-SESS: 106-1
ITEM-NO: 1020-A; 1020-B
SUDOC: Y4.J89/1:106/2
MC-ENTRY-NO: 2000-9214
CIS DOCUMENT ON DEMAND: 1-800-227-2477 (Full Text Reproductions)

SUMMARY:
Committee Serial No. 2. Joint hearing before the Subcom on Commercial and Administrative Law and the Senate Judiciary Committee Subcom on Administrative Oversight and the Courts to consider H.R. 833, the Bankruptcy Reform Act of 1999, including a provision to establish means testing to determine consumer eligibility for discharging debt through personal bankruptcy.

Supplementary material (p. 119-190) includes witnesses' written replies to Subcom questions.

CONTENT-NOTATION: Bankruptcy laws applicable to individual debtors, revision

BILLS: 106 H.R. 833

DESCRIPTORS:
    CONSUMERS; PERSONAL AND FAMILY INCOME; PERSONAL DEBT; BANKRUPTCY REFORM ACT; BANKRUPTCY

00-H521-9 TESTIMONY NO: 1     Mar. 11, 1999 p. 9-13

WITNESSES (and witness notations):
   SESSIONS, PETE (Rep, R-Tex)

STATEMENT AND DISCUSSION:
   Issues related to bankruptcy reform.

CONTENT NOTATION:
   Bankruptcy laws applicable to individual debtors, revision

00-H521-9 TESTIMONY NO: 2     Mar. 11, 1999 p. 24-84, 132-151

WITNESSES (and witness notations):
   SHEAFFER, DEAN (Vice President and Director, Credit, Boscov's Department Store; representing National Retail Federation)
   HAMMONDS, BRUCE L. (Senior Vice Chairman and Chief Operating Officer, MBNA America Bank)
   KENNER, CAROL J. (Bankruptcy Judge, District of Massachusetts)
   NUSS, LARRY (CEO, Cedar Falls Community Credit Union; representing Credit Union National Association (CUNA))
   KLEIN, GARY (Senior Attorney, National Consumer Law Center)

STATEMENTS AND DISCUSSION:
   Support for means-testing to determine consumer eligibility for discharging debt; views on H.R. 833, with recommendations; review of misconceptions about consumer bankruptcy; problems related to recent increase in personal bankruptcy filings; role of credit card issuers in increasing consumer debt; elaboration on consumer bankruptcy reform issues.

INSERTION:
   -- CUNA, "savingteen" regarding financial literacy for teenagers, Credit Union Magazine supplement, Jan. 1999 (p. 39-61).

CONTENT NOTATION:
   Bankruptcy laws applicable to individual debtors, revision

TESTIMONY DESCRIPTORS:
   MBNA CORP.; CREDIT CARDS; YOUTH; BUSINESS EDUCATION

00-H521-9 TESTIMONY NO: 3     Mar. 11, 1999 p. 86-118, 151-171

WITNESSES (and witness notations):
   JONES, EDITH H. (Judge, Fifth Circuit, U.S. Court of Appeals)
   MILLER, JUDITH G. (Co-Chair, Legislative Committee, Bankruptcy and Insolvency Section, Commercial Law League)
   ZYWICKI, TODD J. (Professor, Law, George Mason University School of Law)
   WARREN, ELIZABETH (Professor, Law, Harvard Law School)

STATEMENTS AND DISCUSSION:
   Support for H.R. 833 means-testing provisions; criticism of H.R. 833 means testing provisions, with recommended alternatives to prevent bankruptcy abuses; differing views on impact of means-testing on consumers.

CONTENT NOTATION:
   Bankruptcy laws applicable to individual debtors, revision

TESTIMONY DESCRIPTORS:
   COMMERCIAL LAW LEAGUE

LOAD-DATE: July 6, 2001