Bankruptcy Reform Act of 2001 - Amends Federal bankruptcy law governing: (1) conversion of bankruptcy petitions; (2) abusive creditor practices; (3) debt reaffirmation and credit counseling; (4) domestic support obligations; (5) personal injury claims resulting from drug or alcohol-impaired operation of a motor vehicle or vessel; (6) Federal criminal law enforcement regarding abusive reaffirmations of debt; (7) fraudulent bankruptcy schedules; (8) education and retirement benefits; (9) privacy protection of debtor's nonpublic personal information; and (10) nondischargeability of debts resulting from civil restitution or damages for debtor's willful or malicious injury that caused personal injury or death of an individual, or violations of laws relating to the provision of lawful goods and services.Prescribes guidelines regarding: (1) discouragement of bankruptcy abuse; (2) general and small business bankruptcy; (3) bankruptcy data dissemination and bankruptcy tax provisions; (4) incorporation into the bankruptcy code of the Model Law on Cross-Border Insolvency; and (5) financial contracts and transfers entered into with an insolvent insured depository institution before its conservatorship or receivership (including securities broker/commodity broker liquidation).Reenacts Chapter 12, Adjustment of Debts of a Family Farmer with Regular Annual Income. Prescribes guidelines for insolvent health care businesses and attendant patients' rights.Mandates appointments and extensions for certain additional temporary bankruptcy judgeships.Prescribes additional consumer credit disclosures.
Passed/agreed to in Senate: Passed Senate with amendments by Yea-Nay Vote. 83 - 15. Record Vote Number: 36.(text as passed Senate: 3/19/2001 CR S2480-2530)
Source last updated: Aug 10, 2026. Consult Congress.gov for the current record.
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