1/31/2001--Introduced.
Bankruptcy Abuse Prevention and Consumer Protection 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 with regard to
abusive reaffirmations of debt; (7) fraudulent bankruptcy schedules; (8)
education and retirement benefits; and (9) nondischarge from a debt for
restitution or damages awarded in a civil action against the debtor for
willful or malicious injury that caused personal injury or death of an
individual.
Prescribes guidelines regarding: (1) discouragement of bankruptcy
abuse; (2) general and small business bankruptcy; (3) bankruptcy data
dissemination and bankruptcy tax provisions; (4) ancillary and other
cross-border cases to incorporate 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.
Reenacts Chapter 12, Adjustment of Debts of a Family Farmer with
Regular Annual Income. Prescribes guidelines for insolvent health care
businesses and related patients' rights.
Mandates appointments and extensions for certain additional temporary
bankruptcy judgeships.
Prescribes additional consumer credit disclosures.
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