Bankruptcy Reform Bill Headed for Senate Vote

Words: Dan KesterThe U.S. Senate is soon expected to take up the ?Bankruptcy Abuse Prevention and Consumer Protection Act of 2005? (S. 256). This is a pro-business bill.

HOW YOUR BUSINESS IS AFFECTED
According to information collected by the U.S. Chamber of Commerce, the number of bankruptcy filings has grown substantially in recent years. The reason: people simply want to walk from their debts rather than pay them. This type of abuse transfers the debt burden from individuals to businesses like yours.

THE SOLUTION
The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005, S. 256, would institute a ?needs-based test,? requiring wealthy debtors to work out a repayment plan under Chapter 13 of the Bankruptcy Code. This ?needs-based? test should stop the rampant abuse of the bankruptcy system that is harmful to the business community.

STATUS
Several amendments may be offered to the bill during debate on the Senate floor which would substantially weaken the bill.

About: FeaturedLegislative
 0
EZG Manufacturing Launches Hog Jamb®: A Durable, Precision Alternative to Wood Construction Frames

EZG Manufacturing, an industry leader in construction and masonry equipment, is proud to introduce Hog Jamb®, a superior alternative to traditional wood construction frames. Designed for precision and durability, the Hog Jamb® ensures consistent and effic

By: Allyssa Costanza
Read More
EZG Manufacturing Unveils Hog Support®: Essential Tool for Masonry Restoration and Repair

EZG Manufacturing, a leader in innovative construction and masonry equipment, proudly announces the release of Hog Support®, a cutting-edge tool designed to provide reliable support during masonry restoration, renovation, and repair projects. Hog Support

By: Allyssa Costanza
About: MAP Partner
Read More
Energy Benefit of Brick Used on Buildings

PART 1 Item 1: Brick Veneer Cavity Wall Over Stud Framing There is a large contingent in the marketplace that will suggest that brick veneer over stud framing—the typical cavity wall construction (considered to be the “perfect wall”)—has little or no impa

By: Steven Judd
About: Featured
Read More
Arizona Masonry Council Announces Officers, Board of Directors for 2025-26

The Arizona Masonry Council (AMC), the trade group dedicated to building and supporting a stronger foundation for the state’s masonry industry, proudly announces the election of its new officers and board of directors, each serving a two-year term. Meloni

By: Dawn Rogers
Read More