Sen. Dodd Seeks To Undo Bankruptcy Code Provisions

Law360, New York (November 28, 2007, 12:00 AM EST) -- The chairman of the U.S. Senate Banking Committee is trying to repeal 2005 provisions to the Bankruptcy Code in order to assist individuals struggling to pay off medical, mortgage and student loan debt.

Sen. Christopher J. Dodd (D-Conn.), who is seeking the Democratic presidential nomination, said Wednesday that individuals are often forced into filing for bankruptcy after a “devastating medical event or the loss of a job.”

“Our bankruptcy laws should not punish these vulnerable members of our society but instead should help them get back...
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