Bankruptcy Law Tweaked

The bankruptcy law was tweaked by technical amendments signed into law on December 22, 2010, by President Barrack Obama.

H.R. 6198, the Bankruptcy Technical Corrections Act. The Act primarily makes truly technical changes, such as correcting cross-references in the statute where the numbering of an existing provision was changed (e.g., to section 521 or 704). It also does clarify that pre-petition credit counseling can occur on the same day as the petition is filed. It also changes “delay, hinder, and defraud” in section 362(d)(4) to “delay, hinder, or defraud”, conforming the phrase to other parts of the Code, according to Maureen Thompson, Legislative Director for the National Association of Consumer Bankruptcy Attorneys (NACBA). You may find the text of the legislation at http://thomas.loc.gov.

About Jill Michaux

Jill Michaux is a Kansas bankruptcy attorney with Neis Michaux Law Office. She and her partner, Mark Neis, are Topeka's only consumer bankruptcy law specialists. They are board certified by the American Board of Certification.

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