Legislative Update S. 256 Summary of Changes Affecting Individual Bankruptcy Cases

This month's Update contains excerpts from a synopsis of S. 256, prepared by Thomas J. Yerbich, vice chair of ABI's Consumer Bankruptcy Committee. The excerpt covers changes made to chapters 7, 11 and 13, debtor's duties, exemptions, exclusions, claims, nondischargeable debts and reaffirmations/redemptions. The full document is available online at http://www.abiworld.org/pdfs/s256/yerbich.pdf.