House Again Passes Bankruptcy Reform with Long-Sought Netting Provisions
March 21, 2003
House lawmakers have passed a bill that would overhaul the nation’s bankruptcy system and make it harder for some insolvent borrowers to walk away from their debts. By a 315-113 margin, the House last week approved H.R. 975, the Bankruptcy Abuse Prevention and Consumer Protection Act of 2003. The bill is almost identical to one approved by a conference committee late in the last session of