FIND A CLLA PROFESSIONAL | COMMERCIAL LAW WORLD MAGAZINE | MEMBER LOGIN | EVENTS | CONTACT US

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

CLLA Update: FTC Telemarketing Sales Rule Regulatory Review

CLLA Update: Bankruptcy Filings for Period Ending June 2014

CLLA Update: ABA Tax Section Seeks Legislative Fixes for Bankruptcy Code

CLLA Update: Introduction of H.R. 5132 and 5133

CLLA Update: Title 11 Business Bankruptcy Amendment Bill Introduced

CLLA Update: Hearing on the Financial Institution Bankruptcy Act of 2014

Deadline extended -- CLLA Certification program

CLLA Update H.R. 4917 Introduced in the House

A Letter from Greg Cohen on Changes to the CLLA Commercial Collection Certification Program

Deputy Director says CFPB is Considering New Debt Collection Regulations

SEARCH NEWS ARCHIVES