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House Judiciary Committee approves bankruptcy legislation

[JURIST] The House Judiciary Committee [official website] Wednesday approved the Senate's bankruptcy bill [THOMAS bill summary] 22-13 in a vote largely along party lines, turning back a number of Democrat-proposed amendments. The legislation would require people with incomes above a certain level to pay credit-card charges, medical bills and other obligations under a court-ordered bankruptcy plan. The current system gives more discretion to bankruptcy judges in determining which, if any, debts can be dissolved. Opponents of the bill say it would trap people who are recovering fom high medical costs or a loss of a job in perpetual debt. AP has more.

Previously in JURIST's Paper Chase:

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