H.R.5745 - Bankruptcy Abuse Prevention and Consumer Protection Act of 2002107th Congress (2001-2002)
|Sponsor:||Rep. Gekas, George W. [R-PA-17] (Introduced 11/14/2002)|
|Committees:||House - Judiciary; Financial Services|
|Latest Action:||House - 11/14/2002 Referred to House Financial Services (All Actions)|
|Notes:||On 11/15/2002, the House agreed with an amendment to the Senate amendment to H.R. 333. This inserted the text of H.R. 5745 in H.R. 333.|
This bill has the status Introduced
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Summary: H.R.5745 — 107th Congress (2001-2002)All Information (Except Text)
Bankruptcy Abuse Prevention and Consumer Protection Act of 2002 - Amends Federal bankruptcy law governing: (1) conversion of bankruptcy petitions; (2) abusive creditor practices; (3) domestic support obligations; (4) consumer protections, including protection of personally identifiable information; (5) measures to discourage bankruptcy abuse, including reduction of the homestead exemption for fraud; (6) guidelines for general and small business bankruptcies, including appointment of a committee of retired employees; (7) bankruptcy data dissemination and bankruptcy tax provisions; (8) ancillary and other cross-border cases to incorporate the Model Law on Cross-Border Insolvency; and (9) financial contracts and transfers entered into with an insolvent insured depository institution before its conservatorship or receivership.
Introduced in House (11/14/2002)
Reenacts Chapter 12, Adjustment of Debts of a Family Farmer with Regular Annual Income.
Brings family fishermen within the purview of Federal bankruptcy protection.
Prescribes guidelines for insolvent health care businesses and related patients' rights.
Prescribes additional consumer credit disclosures, including open end credit plans and introductory rates.