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Expert Analysis

Bankruptcy Amendments Affect Health Care Industry

By Marius Meland (January 27, 2006, 12:00 AM EST) -- The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (the "Amendments") is now law and became effective in most instances in bankruptcy cases filed on or after October 17, 2005. These Amendments are the most significant changes to the Bankruptcy Code in more than a decade. Much of the publicity related to the Amendments has related to the extensive changes that will affect consumers. However, there are also numerous changes that affect business cases, including those in the health care industry. This article will briefly discuss important components of the new law involving sales of non-profit health care providers, patient information, patient transfer and other provisions....

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