Law360 (January 1, 2019, 12:03 PM EST) -- With a new Congress taking the reins of the legislative branch this year, lawmakers will consider proposals that would tweak the U.S. Bankruptcy Code in a number of subtle but significant ways. On the table are bills that would make it easier for small businesses to reorganize in Chapter 11, toughen oversight in the asbestos bankruptcy trust system and loosen the restrictions on discharging student loan debt.
Here, those familiar with the bankruptcy-focused bills explain the implications of each and forecast what may happen in the new year.
The Protect Asbestos Victims Act
In what nominally appears to be a bill...
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