US Rep. Pushes To Kill '05 Bankruptcy Code Reforms

Law360, New York (April 2, 2009, 12:00 AM EDT) -- As more and more businesses file for bankruptcy, Rep. Jerrold Nadler, D-N.Y., has introduced a bill in the U.S. House of Representatives that aims to roll back some of the 2005 revisions to the U.S. Bankruptcy Code, which congressional Democrats fear are making reorganization tougher in the current economy.

The Business Reorganization and Consumer Protection Act, put forth Thursday, calls for certain aspects of the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 to be rescinded, in an effort to ease the burden for retailers...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.