WisBar News
June 11, 2003
House passes bankruptcy fraud bill
The House passed a bill designed to help people whose credit histories are damaged by bankruptcy filings that have been maliciously filed by third parties.
House passes bankruptcy fraud bill
June 11, 2003
The House passed a bill designed to help people whose credit
histories are damaged by bankruptcy filings that have been maliciously
filed by third parties. Judiciary Committee Chairman F. James
Sensenbrenner Jr. introduced HR
1529 after a frivolous bankruptcy involuntary bankruptcy petitions
were filed against a sheriff and other public officials in retaliation
for the foreclosure of a property for back taxes in Ozaukee County.
Under the bill bankruptcy courts would be required to remove from
their records all details related to involuntary filings in cases where
the court dismisses the filing. The bill also would bar credit reporting
agencies from issuing reports containing any reference to such filings
if the court dismisses the bankruptcy petition.
In May, Sen. Russell D. Feingold filed a companion bill, S
1128. That version has been referred to the Senate Judiciary
Committee.
