S 4150
Bankruptcy Threshold Adjustment Extension Act
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Bill overview
This bill extends the current bankruptcy eligibility requirements under the Bankruptcy Threshold Adjustment and Technical Corrections Act. Specifically, it increases the timeframe for which individuals can file for bankruptcy before losing eligibility from 2 years to 4 years. This extension aims to provide more time for individuals facing financial hardship to explore bankruptcy as an option. The bill seeks to maintain the current framework established by Public Law 117-151.
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