June 13, 2006

 

Bankruptcy Law Causes Confusion, Faces Court Challenges

Good idea, confused execution: That’s the consensus among several bankruptcy experts on last fall’s sweeping bankruptcy reform law, which has spawned a host of challenges across the country.

Case law is piling up across the country as attorneys challenge the law and judges attempt to interpret it—one sign of the complexity is the number of judges who are citing Webster’s Dictionary in their opinions, panelists said yesterday at the Consumer Bankers Association’s collections conference in New Orleans.

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