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Bankruptcy reform legislation still going slowly.(Brief Article)

Puget Sound Business Journal

| December 14, 2001 | Hoover, Kent | COPYRIGHT 1989 American City Business Journals, Inc. (Hide copyright information)Copyright

The chairman of the House-Senate conference committee on bankruptcy reform hopes to negotiate an agreement on the legislation now that Congress is back in session.

"We'll see," said Rep. Jim Sensenbrenner, R-Wis., whose panel finally held its first meeting Nov. 14 -- eight months after the House and Senate passed different versions of the legislation. Both bills target abuse of the bankruptcy system by requiring debtors to repay at least some of their debt if they have the means to do so.

The conference committee was scheduled to start hashing out the differences in the two bills on Sept 12. But that meeting was canceled because of the Sept. 11 terrorist attack on …

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