LEXIS-NEXIS® Congressional Universe-Document

LEXIS-NEXIS® Congressional

2000 CIS H 52186

TITLE: Bankruptcy Reform Act of 1999 (Part II)

CIS-NO: 2000-H521-86
SOURCE: Committee on the Judiciary. House
DOC-TYPE: Hearing Retrieve the full text of testimony
DATE: Mar. 17, 1999
LENGTH: iv+302 p. il.
CONG-SESS: 106-1
ITEM-NO: 1020-A; 1020-B
SUDOC: Y4.J89/1:106/10/PT.2
MC-ENTRY-NO: 2000-17408
CIS DOCUMENT ON DEMAND: 1-800-227-2477 (Full Text Reproductions)

SUMMARY:
Committee Serial No. 10. Continuation of hearings before the Subcom on Commercial and Administrative Law to consider H.R. 833, the Bankruptcy Reform Act of 1999, to revise bankruptcy laws, including a provision to allow means testing under Chapter 7 to determine consumer eligibility for discharging debt through personal bankruptcy.

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

BILLS: 106 H.R. 833

DESCRIPTORS:
    BANKRUPTCY; CONSUMERS; PERSONAL AND FAMILY INCOME; PERSONAL DEBT; STATISTICAL DATA: BANKING, FINANCE, AND INSURANCE; BANKRUPTCY REFORM ACT

00-H521-86 TESTIMONY NO: 1     Mar. 17, 1999 p. 5-158

WITNESSES (and witness notations):
   WALLACE, GEORGE J. (attorney, representing Consumer Bankruptcy Reform Coalition)
   BROWN, WILLIAM (U.S. Bankruptcy Judge, Western District of Tennessee; representing American Bankruptcy Institute)
   ZYWICKI, TODD J. (Assistant Professor, Law, George Mason University School of Law)
   KLEE, KENNETH (Professor, Law, UCLA School of Law; representing National Bankruptcy Conference)
   TASSEY, JEFFREY A. (Senior Vice President, Governmental and Legal Affairs, American Financial Services Association)
   MOORE, MICHAEL (owner and operator, Babcock Home Furnishing Centers, Babcock Co.; representing National Retail Federation)
   SIGMON, WAYNE (attorney, representing National Association of Consumer Bankruptcy Attorneys)

STATEMENTS AND DISCUSSION:
   Support for H.R. 833, citing consumer bankruptcy reform provisions; concerns regarding specific bill provisions, with recommendations; merits of means testing to determine consumer eligibility for discharging debt through personal bankruptcy; arguments against H.R. 833 (proposed amendments, sectional analyses, p. 58-109).
   Merits of H.R. 833, with analysis of bill provisions; adverse impact of certain bill provisions on low-income debtors; elaboration on bankruptcy reform and related issues.

CONTENT NOTATION:
   Bankruptcy laws applicable to individual debtors, revision

TESTIMONY DESCRIPTORS:
   CONSUMER BANKRUPTCY REFORM COALITION; POVERTY

00-H521-86 TESTIMONY NO: 2     Mar. 17, 1999 p. 158-166

WITNESSES (and witness notations):
   CARPER, THOMAS R. (Governor, Delaware; also representing National Governors' Association)

STATEMENT AND DISCUSSION:
   Views of State governments on bankruptcy reform issues.

CONTENT NOTATION:
   Bankruptcy laws applicable to individual debtors, revision

TESTIMONY DESCRIPTORS:
   DELAWARE GOVERNOR'S OFFICE; STATE GOVERNMENTS

00-H521-86 TESTIMONY NO: 3     Mar. 17, 1999 p. 168-224

WITNESSES (and witness notations):
   NEWSOME, RANDALL J. (U.S. Bankruptcy Judge, Northern District of California; representing National Conference of Bankruptcy Judges)
   WALDSCHMIDT, ROBERT (attorney, representing National Association of Bankruptcy Trustees)
   HILDEBRAND, HENRY E., III (attorney, representing National Association of Chapter 13 Trustees)

STATEMENTS AND DISCUSSION:
   Concerns regarding impact of H.R. 833 on debtors in Chapter 7 bankruptcy cases and on Chapter 7 trustees (related tables, p. 174-187); recommendations of Chapter 13 trustees regarding certain H.R. 833 provisions (sectional analysis, p. 206-217).

CONTENT NOTATION:
   Bankruptcy laws applicable to individual debtors, revision

TESTIMONY DESCRIPTORS:
   NATIONAL CONFERENCE OF BANKRUPTCY JUDGES

00-H521-86 TESTIMONY NO: 4     Mar. 17, 1999 p. 226-302

WITNESSES (and witness notations):
   STATEN, MICHAEL E. (Director, Credit Research Center (CRC), Georgetown University School of Business)
   CULHANE, MARIANNE B. (Professor, Law, Creighton University School of Law)
   RYU, LISA H. (Staff Economist, National Association of Federal Credit Unions)
   NEUBIG, THOMAS S. (National Director, Policy Economics and Quantitative Analysis Group, Ernst & Young LLP)
   STANA, RICHARD M. (Associate Director, Administration of Justice Issues, General Government Division, GAO)

STATEMENTS AND DISCUSSION:
   Findings of CRC, Creighton University School of Law, and Ernst & Young LLP studies on bankrupt debtors repayment ability (related materials, p. 255-263); views of credit unions on bankruptcy reform issues, citing support for H.R. 833 means-testing provision (related graphs and tables, p. 273-281).

INSERTION:
   -- Neubig, T. S. (et al., Ernst & Young LLP), "Chapter 7 Bankruptcy Petitioners' Repayment Ability Under H.R. 833: The National Perspective" with bibliography (p. 286-299).

CONTENT NOTATION:
   Bankruptcy laws applicable to individual debtors, revision

TESTIMONY DESCRIPTORS:
   NATIONAL ASSOCIATION OF FEDERAL CREDIT UNIONS; GENERAL ACCOUNTING OFFICE; BIBLIOGRAPHIES; CREDIT UNIONS

LOAD-DATE: July 6, 2001