New Pending Bankruptcy Legislation Bills

After the effective date of the Abuse Prevention Act of 2005, several new bills proposed additional amendments to income restrictions. The allowance of an additional 15% in monthly expenses for charitable contributions made by church members is now in question. Also, additional pending legislation would extend the review period for means testing beyond the current 30 day look back period, to prevent anyone earning above the state median income during the last 6 months from filing bankruptcy under Chapter 7.

A bill proposing a mandatory 7 year terms in all partial Chapter 13 plans was defeated.