HOUSE TO CONSIDER BANKRUPTCY BILL NEXT WEDNESDAY
April 7, 2005
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The House will not be in session Monday, but will return on Tuesday for a series of votes on the suspension calendar. On Wednesday, the House will take up the Senate-passed bankruptcy bill, CongressDaily reported.
The bill is expected to pass the House and would have been taken up this week, but action was postponed to accommodate a congressional delegation to Rome to attend the funeral services of Pope John Paul II.
If it becomes law, the new bankruptcy rules would make some consumers ineligible for Chapter 7 bankruptcy, and push them into Chapter 13. Chapter 13 would be less helpful to debtors under the new rules, and many debtors would have to pay far more of their debts.
