H.R.5138 - Medical Bankruptcy Fairness Act of 2008110th Congress (2007-2008)
|Sponsor:||Rep. Shea-Porter, Carol [D-NH-1] (Introduced 01/28/2008)|
|Committees:||House - Judiciary|
|Latest Action:||02/04/2008 Referred to the Subcommittee on Commercial and Administrative Law. (All Actions)|
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- Finance and Financial Sector
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Summary: H.R.5138 — 110th Congress (2007-2008)All Bill Information (Except Text)
Introduced in House (01/28/2008)
Medical Bankruptcy Fairness Act of 2008 - Amends federal bankruptcy law to cite circumstances under which a medically distressed debtor may elect to exempt from the property of the estate in bankruptcy up to $250,000 of the debtor's aggregate interest in specified real or personal property that the debtor (or debtor's dependent) uses as a residence, in a cooperative, or in a burial plot for the debtor or a dependent.
Revises requirements for dismissal or conversion of a Chapter 7 case to prohibit the court or specified parties in interest from filing a motion to dismiss or convert to Chapter 11 or 13 if the debtor is a medically distressed debtor or an economically distressed caregiver.