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H.R.120 / 105th Congress

Bankruptcy Law Technical Corrections Act of 1997

For Further Action See H.R.764.

Official summary

Version 00 · Introduced in House · Jan 7, 1997

Bankruptcy Law Technical Corrections Act of 1997 - Amends Federal bankruptcy law regarding: (1) definitions affecting family farms and creation of a lien; (2) periodic adjustments of dollar amounts; (3) extensions of time; (4) removal of Chapter 7 (liquidation) cases from the eligibility guidelines governing service as a trustee; (5) compensation for professional persons and the debtor's attorney; (6) the non-applicability of an automatic stay to the creation of a security interest by transfer that is non-avoidable by the trustee; and (7) assumption by the bankruptcy trustee of certain executory contracts with specified defaults, and of unexpired leases of aircraft facilities. Revises guidelines governing: (1) debtor avoidance of certain judicial liens; (2) exceptions to a discharge from debt and the effect of such discharge; (3) the liability of a transferee of an avoided transfer; (4) appointment of an elected trustee or examiner; and (5) payment for standing trustees pursuant to the judicial code. Amends the Bankruptcy Reform Act of 1994 to repeal the authorization for a 90-day continuation of membership on the National Bankruptcy Review Commission of certain Commission members who leave government office or, if they were not government officers or employees, become such.

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Who introduced it

Rep. Conyers, John, Jr. [D-MI-14] · D–MI

Committees

  • Judiciary Committee
0 cosponsorship records, including any withdrawals

    Actions

    A procedural vote is different from passage. Passage in one chamber does not establish enactment. Explore the glossary.

    1. For Further Action See H.R.764.

    2. Subcommittee Hearings Held.

    3. Referred to the Subcommittee on Commercial and Administrative Law.

    4. Referred to the House Committee on the Judiciary.

    5. Sponsor introductory remarks on measure. (CR E21-22)

    6. Introduced in House

    7. Introduced in House

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