FIND A CLLA PROFESSIONAL | COMMERCIAL LAW WORLD MAGAZINE | MEMBER LOGIN | EVENTS | CONTACT US | LOG OUT
BLOGGER YOUTUBE HOME PAGE FACEBOOK LINKED-IN TWITTER
Dedicated to providing expertise, in-sights, and results to: Bankruptcy Attorneys, Credit and Collection Professionals & Alliance Partners

CLLA NEWSWIRE | FROM THE CLLA NEWSWIRE

New Bill Outlines Process for Financial Institutions to File for Bankruptcy

CLLA Staff, Staff | January 02, 2014

At the end of the first session of the 113th Congress, Senators John Cornyn (R-Texas) and Pat Toomey (R-Penn.) introduced S. 1861, a new bill involving financial institutions and bankruptcy.

Designed to save taxpayer money and end financial institution bailouts, the bill provides for a process to allow financial institutions to go bankrupt.

The bill has been referred to the Judiciary Committee. To read the full bill text, click here.


More From the CLLA Newswire

Debt-Suit Lawyers Review Falls Short

Total Number of Bankruptcy Filings Hits Lowest Number Since 2007

CFPB's Cordray Reiterates Intent to Pursue Rulemaking on Consumer Arbitration Clause

Phone Companies Pressured by States to Stop Robocalls

Hearing Before Senate on the Role of Bankruptcy in Addressing Too-Big-To-Fail

National Treasury Employees Union and Senator Disagree Over Private Tax Collection

Report on Consumer Bankruptcies Comparing 2014 and 2013 Data

S 1774 Introduced to Advance Chapter 9 Bankruptcy for Puerto Rico

Senate Democrats Propose "Zombie debt" bill

Congress and Bankruptcy Lifeline for Puerto Rico

SEARCH NEWS ARCHIVES