Sentences with phrase «federal bankruptcy reform»

The federal bankruptcy reform of 2005 created the Means test, to prevent use of Chapter 7 by individuals who were considered capable of repaying at least a portion of their debts through a Chapter 13 plan.

The US federal bankruptcy reform of 2005 requires that any individual filing for bankruptcy, or seeking final discharge from Chapter 13 bankruptcy, must first obtain credit counseling.

Not exact matches

In no particular order these included: a dysfunctional bankruptcy framework; an immature domestic capital market; withholding taxes on foreign capital; corruption (particularly at the state level — the Modi government has made progress at the federal level); policy and renegotiation risks (a number of legacy and high profile tax eases are yet to be resolved); land acquisition costs (and legal risks); and, the need for tax reforms.

OLA is a new bankruptcy - type provision included in Dodd - Frank financial reform legislation that gives the Federal Deposit Insurance Corp. the authority to resolve insolvent systemic financial institutions (think future Lehman - like episodes).

Here is the bottom line in the words of the Federal Reserve Bank of New York, «Our analysis suggests that the 2005 bankruptcy reform negatively affected individuals who became delinquent by increasing the probability that they would become insolvent, a state associated with a high degree of financial distress.»

Congress needs to reform the loan forgiveness for federal loans, and / or revise the bankruptcy code to make student loans dischargeable to some extent.

Where There is a Way, There May be a Will.; Bankruptcy and Insolvency Law Reform; Presenting...; What's New in Federal Legislation; Rewarding Excellence In Research; Articling Program 2001 - 2002; (3.1 MB) Read more...

What a careful observer notices from monitoring SPC media is that those involved with reform of discrete areas of Chinese legislation and judicial practice continue (in the pre / post 19th Party Congress era) to look at US federal / state law (and other foreign law) structures and practices, including: use of mediation in federal appeals cases; bankruptcy practice; reform of Chinese nuclear safety legislation to broaden the scope of information released to the public, that is in specific areas that do not involve basic principles of the Chinese courts.