Friday, February 6, 2009

The Effective Date of the Proposed Bankruptcy Bill

Section 8 of the proposed H.R. 200, the "Helping Families Save Their Homes in Bankruptcy Act of 2009" (which has not yet been enacted by Congress) provides that its effective date is the date of its enactment, but that its provisions apply to bankruptcy cases filed "before, on, or after" the date of its enactment.

Congressional leaders announced in January that the bill would be moved quickly and it has been approved by the House Judiciary Committee. There has not been much public information during the past week about movement of the bill except that there was a desire for the bankruptcy bill not to be part of the economic stimulus bill.
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