A resolution designating April 2021 as "Second Chance Month".
- Last Action
- 4/29/2021
Actions
- 2021-02-02Read twice and referred to the Committee on the Judiciary.
- 2021-02-02Introduced in Senate
CRS Summary
As of 2021-02-02 (00)
Medical Bankruptcy Fairness Act of 2021
This bill allows medically distressed debtors to exempt certain property from their estates in bankruptcy, which allows them to retain ownership of such property. Specifically, a medically distressed debtor may exempt up to $250,000 of the debtor's interest in (1) specified real or personal property that the debtor or debtor's dependent uses as a residence, or (2) a burial plot for the debtor or debtor's dependent.
The bill also waives certain administrative and procedural requirements for a medically distressed debtor.
Additionally, the bill allows a medically distressed debtor to discharge in bankruptcy debts for certain education loans.
A debtor who seeks relief as a medically distressed debtor must attest in writing that the debtor's medical expenses are genuine and were not incurred to bring the debtor within the meaning of a medically distressed debtor under this bill.
Subjects
- Bankruptcy
- Cardiovascular and respiratory health
- Cemeteries and funerals
- Consumer credit
- Emergency medical services and trauma care
- Health care costs and insurance
- Higher education
- Housing finance and home ownership
- Infectious and parasitic diseases
- Social work, volunteer service, charitable organizations
- Student aid and college costs
- Unemployment
- Wages and earnings
Sourced from Congress.gov (public domain).
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.