New Bankruptcy Laws

H.R. 3311, the “Small Business Reorganization Act of 2019”, which adds a new Sub chapter V to Chapter 11 of the Bankruptcy Code in order to expedite the reorganization of “small business debtors.”

H.R. 3304, the “National Guard and Reservists Debt Relief Extension Act of 2019”, provides an extension of 4-years through December 18, 2023, the current exemption from the Chapter 7 “presumption of abuse” means testing for qualifying reservists of the Armed Forces and members of the National Guard.

H.R. 2938, the “Honoring American Veterans in Extreme Need Act of 2019” or the “HAVEN Act”, which excludes certain VA and DoD disability payments from the definition of “current monthly income” for purposes of bankruptcy means testing.

H.R. 2336, the “Family Farmer Relief Act of 2019”, which increases the amount of debt for a “family farmer” from $4,411,400 to $10,000,000.

Considering filing for bankruptcy? Contact attorney Alex Hernandez for your free Chapter 7 consultation.

Attorney Alex Hernandez

Representing clients in the areas of Chapter 7 Bankruptcy, Family Law/Divorce, and car and motorcycle accidents for 20 years. (904) 712-5565 or (305)-688-LAWS (5297). *Se Habla Español

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