Browsing: Bankruptcy

Newsbytes

The American Bankers Association expressed its opposition today to two bills that would change the bankruptcy code, writing in a memo to the House Judiciary Committee that the “bills would increase the cost of borrowing and reduce the availability of credit.”

Newsbytes

Ahead of a House Judiciary Committee Hearing today on H.R. 3553, the Bankruptcy Administration Improvement Act, the American Bankers Association submitted a statement for the record supporting provisions in the bill that would increase the statutory fee paid to Chapter 7 trustees in so-called “no asset” bankruptcy cases.

Newsbytes

The Treasury Department today issued a report recommending important changes to the Dodd-Frank Act’s orderly liquidation authority, which provides a mechanism for the FDIC and Federal Reserve to wind down a systemically important but failing financial institution with minimal harm to the broader financial system.

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